#3 (12 points) The Finishing Department of Edwards Company has the following production and cost data for July 1. Transferred out, 8,000 units 2. Ending work in process, 2,000 units that are 40% completed at July 31 3. Materials added, $30,000; conversion costs incurred, $17,600. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Instructions (a) Compute the equivalent units of production for materials and conversion costs for the month of July. (b) Compute unit costs and calculate the cost of units completed and transferred out (c) Calculate cost of WIP-Finishing on July 31