5. Bae Inc. was the weighted average method in its process costing system. The Following date concern the operations of the company's first processing department for a 400 70% 90% Work in process beginning: Units in process.... ....... Stage of completion with respect to materials... Stage of completion with respect to conversion Costs in the beginning inventory: $1,000 $6,000 Materials cost Conversion cost ......... Units started into production during the month. Units completed and transferred out 9,600 9,200 Costs added to production during the month: Materials cost... Conversion cost...... $200,000 $300,000 Work in process, ending: Units in process... Stage of completion with respect to materials ............ Stage of completion with respect to conversion 800 80% 50% Using the weighted average method: (a) Determine the equivalent units of production for conversion costs. (5 points) (b) Determine the conversion cost per equivalent unit (rounded to the nearest cent). (5 points)