Exercise 4-3B: Equivalents Units and Product Cost Report - Weighted Average Method In its first month's operations (May 2016), Allred Company's Department 1 incurred charges of $72,000 for direct materials (9,000 units), $38,700 for direct labor, and $13,500 for manufacturing overhead. At month end, 8,500 units had been finished and transferred out. The remaining units were finished with respect to materials but only 40% complete with respect to conversion costs. Assuming Alfred uses the weighted average method and that materials are added at the beginning of the process and conversion costs occur evenly, compute the following: a. The equivalent units of materials and conversion costs. b. The cost per equivalent unit of materials and conversion costs. c. The total cost assigned to the units transferred out. d. The total cost assigned to the ending inventory. e. Prove that your results to requirement (c) and (d) sum to the total costs to be accounted for