3: (a) Carly Co has gathered the following information Units of beginning work in process Units started into production..... Units completed and transferred out. Units of ending work in process.. 35,000 115,000 100,000 50,000 (TOTAL 20 marks) Percentage of completion of conversion costs of ending work in process.... 80% Cost of opening work-in-process: Direct materials (100% complete) Conversion cost (partially complete) Costs incurred in the month: Direct materials.... Conversion costs... $65,000 $16,000 $160,000 $54,000 Required: (i) Compute equivalent units for direct materials and for conversion costs. (2 marks) (ii) Compute the costs per equivalent unit for direct materials and for conversion costs. (4 marks) (iii) Compute the total cost of 100,000 units transferred out. (2 marks) (iv) Compute the total cost of 50,000 units of ending work in process. (2 marks) (b) Monster Co requires a component that it installs in its core product. that could be used to manufacture the