Calculate the cost per equivalent unit of material and conversion cost for January - using the Weighted Average Approach Units Materials Conversion 2,500 Work in process January 1 Work in process January 31 50% 45% 35% 25% Materials cost in work in process January 1 Conversion costs in work in process January 1 Units started in production Units transferred to the next department Materials cost added during January Conversion costs added during January $25,000 $10,000 12,000 8,000 $20,000 $7,500 Complete the grey cells that required information. Beginning Inventory Units Started this Period Units to be accounted for Direct Materials Conversion Costs Units in process January Units completed & transferred out Ending Inventory Units accounted for Direct Materials Conversion Costs Beginning Inventory Current Costs Total Costs Equivalent Units Materials Conversion Units completed and transferred out Work in process, January 31: Equivalent units of production in work in process Total Cost Materials Conversion Cost to be accounted for: Work in process, January Costs added in January Total Cost Equivalent units Cost per equivalent unit