2. Information for Chaucer, Ltd. in July for the Prep Department, the first stage of the production cycle, is as follows: (24 points/ 3 points each) Conversion uunt tost Materials Costs $ 6,200 Beginning work in process Costs added during July Total costs $ 8,100 23.400 13,400 Goods completed Ending work in process 60,000 units 15,000 units Material costs are added at the beginning of the process. The ending work in process is two- thirds complete as to conversion costs. The average cost method is used to distribute the total costs production costs. (1) What are the total costs to be accounted for? (2) What are the equivalent production (EU) units for materials, labor, and factory overhead? (3) What is the unit cost for materials, labor, and factory overhead? (4) What is the cost of units completed (FG)? (6) What is the cost of ending work in process? ANS: Materials Labor Equivalent units: IS OUD