1 Sol Products produces Insulation material that passes through two production departments. Data for July for the fist proces follows: Units Work in process Jul 1 60,000 Work in process, Jul 31 40,000 Completion with respect materials 75% 50% Completion with respect convertion 40% 25% $ 56,600 $ 14,900 Material cost in Work in Process, Jul 1, $ Convertion Cost in Work in Process, Jul 1. UNITS STARTED INTO PRODUCTION UNITS TRANFERRED TO NEXTO PROCESS / DEPARTMENT Materials cost added during month: Convertion cost added during month :. 280,000 300,000 $385,000 214,500 REQUIRED: 1. Determine the Equivalent Units for July 2. Compute the cost per Equivalent Units 3. Determine the cost of ending Work in process inventory and the total cost of units transferred