10) Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted- average costing, Data for the Assembly Department for June 2017 are: Work in process, beginning inventory Direct materials (100% complete) Conversion costs (50% complete) Units started during June Work in process, ending inventory: Direct materials (100% complete) Conversion costs (70% complete) Costs for June 2017: 310 units 1040 units 160 units Work in process, beginning inventory: Direct materials $92,000 Conversion costs $139,000 Direct materials costs added during June $601,500 Conversion costs added during June $404,000 Compute the following using FIFO method: a) Units completed and transferred out. b) Total cost to account for. c) Equivalent units with respect to direct materials and conversion costs. d) Cost per direct materials equivalent units and cost per conversion cost equivalent units. e) Total cost assigned to units completed and transferred out. f) Total cost assigned to units in ending inventory.