3) Shining Star Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities: (30 pts) Beginning work in process inventory Units placed in production Units completed 3,000 items, 1/3 complete with regards to conversion costs 12,000 units 9,000 units 6,000 items, 2/5 complete with regards to conversion costs Ending work in process inventory Cost of beginning work in process Direct material costs, current Conversion costs, current $2,500 $9,000 $8,320 irect materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. Required: Using the FIFO method, calculate the following: a) Equivalent Units for Materials costs b) Equivalent Units for Conversion costs c) Mat'l Cost per Equiv Unit d) Conversion Cost per Equiv Unit e) Total Costs Transferred Out f) Cost of Material and Conversion in Ending WIP