Fresh Springs produces premium bottled water. In the Bottling Department, workers bottle the filtered water and pack the bottles into boxes. Conversion costs are incurred evenly throughout the bottling process, but packaging materials are not added until the end of the process. May data from the Bottling Department follow: E (Click the icon to view the costs.) (Click the icon to view additional data.) Complete Steps 3 and 4 of the process costing procedure: Summarize total costs to account for and then compute the cost per equivalent unit for both direct materials and conversion costs. Complete Steps 3 and 4 of the process costing procedure: Summarize total costs to account for and then compute the cost per equivalent unit for both direct materials and conversion costs. (For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Round the cost per equivalent unit to two decimal places.) Fresh Springs Bottling Department Cost per Equivalent Unit Transferred- Direct Conversion in Materials Costs Beginning work in process Plus: Costs added during May Total costs to account for 132,000 28,260 Costs in beginning work in process inventory Costs added during May Transferred in $ 3,300 Transferred in $ Direct materials 0 Direct materials Direct labor 590 Direct labor 72 Manufacturing overhead Manufacturing overhead Total beginning work in process inventory 3,962 $ as of May 1 Total costs added during May 33,600 22,300 216,160 The Filtration Department completed and transferred out 160,000 liters at a total cost of $132,000. Fresh Springs Bottling Department Flow of Physical Units and Computation of Equivalent Units Flow of Equivalent Units Physical Transferred- Direct Conversion Flow of Production Units in Materials Costs Units to account for: Beginning work in process, May 1 9,000 156,000 Plus: Transferred in during May 165,000 Total physical units to account for Units accounted for: Completed and transferred out 157,000 157,000 8,000 157,000 8,000 157,000 6,400 0 Plus: Ending work in process, May 31 165,000 Total physical units accounted for 165,000 157,000 163,400 Total equivalent units