Calculate equivalent units of production and prepare a cost per equivalent unit schedule.

Process	Units Started and Completed	Beginning WIP Units	Ending WIP Units
Mixing	50,000 units	5,000 units	4,000 units
Refining	30,000 units	3,000 units	2,000 units

Requirements:

Calculate the equivalent units of production for direct materials and conversion costs using the weighted average method.

Prepare a cost per equivalent unit schedule for each process.

Allocate costs to units completed and ending work in process for each process.

Analyze how process costing can provide accurate cost information in complex manufacturing environments.