An ice cream maker reports the following. Conversion Percent Complete 40% Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 380,000 740,000 800,000 320,000 55% (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute the total equivalent units of production for conversion. The company uses the FIFO method. Equivalent units of production: FIFO method Conversion Units Percent Added EUP Beginning work in process 380,000 60% 228,000 Units completed and transferred out 800,000 $ 100% 800,000 X Ending work in process 320,000 55% 17,600 X Total units 1,500,000 1,045,600 Zia Company makes flowerpots from recycled plastic in two departments, Molding and Packaging. Zia uses the weighted average method, and units completed in the Molding department are transferred to the Packaging department. Production unit information for the Molding department follows. Percent Complete 70% Molding-Direct Materials Beginning work in process inventory Units started this period Ending work in process inventory Units 2,200 19,000 3,000 80% Production cost information for the Molding department for the same period follows. Beginning work in process inventory (direct materials) Direct materials added this period $ 1,400 23,320 Using the weighted average method, assign direct materials costs to the Molding department's output- specifically, the units transferred out to the Packaging department and the units that remain in work in process in the Molding department at month-end. (Round "Cost per EUP" to 2 decimal places.) Cost assignmentWeighted average (Direct Materials Only) EUP Cost per EUP Total Cost Completed and transferred out Direct materials Ending work in process Direct materials Direct materials costs accounted for Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month. Cutting $ 4,720 Binding $ 9,296 Beginning work in process inventory Costs added this period Direct materials Conversion 9,340 14,250 9, 208 18,575 Transferred from Cutting to Binding $ 19,675 Transferred from Binding to finished goods 33,000 Determine the ending balances in the Work in Process Inventory accounts for Cutting and for Binding. Hint Set up T- accounts for Work in Process Inventory for both Cutting and for Binding. Cutting Binding Ending work in process inventory