Compute cost per equivalent unit of production for both direct materials and Note: Round "Cost per EUP" to 2 decimal places. Compute equivalent units of production for both direct materials and conversion. Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below. The 2,400 units in beginning work in process inventory had direct materials costs of $2,800 and conversion costs of $2,000. Also shown is unit data for the Bending department this period. ssign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process iventory. lote: Round "Cost per EUP" to 2 decimal places