Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer back to this worksheet. Change the percentage completion with respect to conversion for the beginning inventory from 60% to 85%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this: 4 Beginning work in process inventory: 5 Units in process 700 6 Completion with respect to materials 7 Completion with respect to conversion Costs in the beginning work in process inventory: 25 % 85 % 8. 9 Materials cost S6,117 10 Conversion cost $37,494 11 Units started into production during the period 18,700 12 Costs added to production during the period: 13 Materials cost $646,623 $1,651,074 14 Conversion cost 15 Ending work in process inventory: 16 Units in process 800 17 Completion with respect to materials 40 % 18 Completion with respect to conversion 90 % 19 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the equivalent units of production for materials? Equivalent units of production for materials (b) What is the equivalent units of production for conversion? Equivalent units of production for conversion (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials > (c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places.) Cost per equivalent unit for materials (d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places.) Cost per equivalent unit for conversion (e) What is the cost of the units transferred out? (Use rounded cost per equivalent unit.) Cost of units transferred out (f) Which of the following statements are true? (Select all that apply.) 2 In the weighted-average method, the percentage completion of beginning inventory has no effect on the equivalent units of production. 2 In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost per equivalent unit. 2 In the weighted-average method, the percentage completion of beginning inventory has no effect on the cost of the units transferred out.