A Company uses the weighted average method of process costing. It had 30,000 units in beginning inventory, which were 80% complete as to materials and 65% complete as to conversion. During the month, it started 90,000 units. At the end of the month, 20,000 units were in inventory, which were 60% complete as to materials and 25% complete as to conversion. Cost information is as follows: Beginning work in process inventory: Direct materials costs Conversion costs Total beginning inventory cost Costs added during the month: Direct materials costs Conversion costs Total costs added during the month Total production costs Beginning Inventory Units Started Ending Inventory Equivalent Units of Production Equivalent units completed and transferred out Equivalent units for ending work in process Total equivalent units of production Cost per Equivalent Unit of Production Costs of beginning work in process inventory Costs added during month Total costs Equivalent Units of Production Cost per equivalent unit of production Units 30,000 90,000 20,000 Assign and reconcile costs Cost of units completed and transferred out Direct materials Conversion Total cost of units completed this period Cost of units in ending inventory Direct materials Conversion Total cost of units completed this period Total costs accounted for $75,600 90,675 282,800 392,325 60% Materials % Conversion% 80% Direct materials $166,275 Direct materials 675,125 $841,400 65% 25% Conversion Conversion