ABC Manufacturing manufactures a product in two departments and uses a process costing system with the FIFO method. In the first department, the nature of the manufacturing process is such that all materials are added when the conversion is 20% complete. Conversion costs are incurred uniformly throughout the process. The beginning inventory was 30% complete, while the ending inventory was 60% complete with respect to conversion. The following unit and cost information is available for the current month: Units Beginning work-in process inventory, May 1 (30% complete) 40,000 Started in production during May Completed production during May 182,000 Ending work-in-process inventory, May 31 (60% complete) 60,000 ? Beginning Current Inventory Period Total $ 32,000 3 505,000 $ 537,000 Materials Conversion: Direct Labor Overhead 44,024 358,416 402,440 123,240 1,083,584 1,206,824 $ 167,264 $ 1,442,000 $ 1,609,264 Totals 199,264 $ 1,947,000 $ 2,146,264 12. The journal entry to record the completion of units in Department 1 would be: (4 pts) Debit Credit 13. Using the weighted average method, the equivalent units of production for conversion is: (4 pts) units 14. Using the weighted average method, the equivalent unit cost of conversion is: (4 pts) ROUND YOUR ANSWER TO THE NEAREST CENT. $