1) What is the inventory formula that shows the physical flow of production units during a given month, under the weighted average method? - Units started + units completed and transferred out + units in ending work in process = units in beginning work in process. - Physical units in beginning work in process + units started - units completed and transferred out = units in ending work in process. - Units in beginning work in process + units completed and transferred out + units started = units in ending work in process. - Units in beginning work in process - units started + units completed and transferred out = units in ending work in process. 2) Rex Company Ltd had 4,000 units in work in process at 1 April. During April, 9,926 units were completed. At 30 April, 4,531 units remained in work in process. How many units were started during April? 3) A company starts work on 1000 physical units and completes 51 per cent of conversion activity. The costs are $1,365 for conversion and $5,527 for direct material. What is the cost per equivalent unit for conversion? (Round the answer with 2 decimal points)