Equivalent Units and Product Cost AssignmentWeighted Average Method In its first month of operations, Allred Company's Department 1 incurred charges of $504,000 for direct materials (22,500 units), $270,900 for direct labor, and $94,500 for manufacturing overhead. At month end, 21,250 units had been finished and transferred out. Those remaining were finished with respect to material but only 40% finished with respect to conversion. Assuming Allred uses the weighted average method and that materials are added at the beginning of the process and conversion occurs evenly, compute the following: The equivalent units for material and conversion. The cost per equivalent unit for material and conversion. The total cost assigned to the units transferred out