B-20.03 tion produces cultured diamonds via a secretive process that grows the diamonds in a vacuum Corpor es plled with a carbon gas cloud. The diamonds are produced in a single continuous process, and Zeus uses the weighted-average process cos ting method of accounting for production rocess requires constant utilization of facilities and equipment, as well as direct labor by S. As a result, direct labor and factory overhead are both deemed to be introduced uniformly The production p throughout production. prepared the following "unit reconciliation" for the month of July Unit Reconciliation: Beginning Work in Process Started into Production Total Units into Production Quantity Schedule 5,000 6,000 11,000 Equivalent Units Calculations: Conversion Direct Labor Factory Overhead 8,000 1.500 9,500 Direct Materials 8,000 3,000 11,000 8,000 1.500 9,500 8,000 To Finished Goods Ending Work in Process Total Units Reconciled 9,800 Ending WIP Completion Status: Materials = 60% and Conversion-50% The above materials (3 beginning work in process inventory had an assigned cost of $3,000,000, divided between direct 0%), direct labor (20%), and factory overhead (50%). (25%), and factory overhead (60%). costs incurred during July were $9,500,000, divided between direct materials (15%), direct labor a schedule showing the calculation of cost per equivalent unit