Answer the following questions based on the following information: Units 10,000 90,000 84,000 8,000 Materials $5,700 Conversion $20,400 Work in process invento Units started in process Units transferred out Work in process inventory, ending Costs added during the month innin 52,800 $76,400 The beginning work in process inventory was 80% complete with respect to materials and 60% complete for Conversion. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to conversion costs. 5) What are the equivalent units for Materials and Conversion? Materials - 90,000, Conversion 88,000 6) What is your cost per Equivalent Unit based on what you calculated in question 5 above? Materials 90,000 +Conversion 88,000Total Cost 178,000 7) What is your recalculated cost of Ending Inventory? $8,300 8) What is your cost of Goods Transferred? $147,000 Prepare a Cost Reconciliation report for the information related to problems 5 through 8