1 Marta 3.00 Pation Equivalent Units and Product Cost Assignment-weighted Average Method In its first month of operations (May 2016). Allred Company's Department 1 incurred charges of S108,000 for direct materials (27,000 units), 558,050 for direct labor, and 520.250 for manufacturing overhead. At month end 25,500 units had been finished and transferred out. Those remaining were finished with respect to material but only do trished with respect to conversion Assuming Allred uses the weighted average method and that materials are added at the beginning of the process and conversion occurs evenly, compute the following * The equivalent units for material and conversion b. The cost per equivalent unit for material and conversion The total cost assigned to the units transferred out d. The total cost assigned to the ending inventory 6. Prove that your solutions to requirements (c) and (d) sum to the total costs to be accounted for Round average cost per equivalent unit to two decimal places, if applicable Round other answers to the nearest whole number when appropriate Allred Company Department Flow of Units and Equivalent Units Calculation Work done ON 9 Equivalent Units Direct * Work Materials Den 0 O 0 04 0 Conversion COSES 0 Complete/transferred Ending inventory Total 0 0 0 Allred Company Department ! Flow of Onits and Equivalent Units Calculation Equivalent Units work Direct Work cone Materials Done Complete/Transferred 0 ON 0 ON Ending inventory 0 OM 0 Total 0 0 Conversion Costs O a Dooloo ooooo Product Cost Report Direct Conversion Materials Costs Beginning inventory $ 05 $ Current 0 Total Costs to Account For $ 05 $ D Total Equivalent Units Average cost / Equivalent unit $ Olh5 Complete / Transferred Direct Materials 5 Conversion costs Cost of Goods Manufactured $ Ending Inventory Direct Materials 5 Conversion costs 0 Cost of Ending inventory 5 Od Total Costs Allocated $ 0. a Check