A producer of magical widgets, Fillory, Inc. uses a process costing system. The following information pertains to operations for the month of April Percentage Complete Units Direct Materials Conversion Beginning Work in Process 60% 20% Inventory, April 1 Started in production during 98,000 April Ending Work in Process 23,000 75% 40% Inventory 18,000 Beginning Work in Process Inventory Costs: $17,800 $18,900 Material Conversion Current Period Costs: Material Conversion $753,950 $1,105,300 REQUIRED Using he weighted-average method, answer the following questions: 1. How many units were completed and transferred to finished goods? 2. What are the total equivalent units for each cost component? 3. What is the cost per equivalent unit for each cost component? 4. What is the cost transferred to Finished Goods Inventory? 5. What is the cost of ending WIP inventory? 6. If there was no beginning finished goods inventory for April and 78,000 units were sold in April how much is COGS