6 out of A manufacturing process is used to produce masses of identical units. Given the following: Physical Direct material Conversion costs WIP beginning (60 % Direct material, 50 % conversion) 500 units $40,000 $6,000 started during the current period 10,000 units $310,000 $110,000 Completed and transferred out during current period 9,000 units WIP Ending (90 % Direct material, 60 X conversion) P Using FIFO method, the conversion cost per equivalent unit will be A- B iii II