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Hi I need help with the following problem in the attached photo: 5. (TOO 3) XYZ Company uses process costing to track its costs in

Hi I need help with the following problem in the attached photo:

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5. (TOO 3) XYZ Company uses process costing to track its costs in two sequential production departments.- Forming and Finishing. The following information is provided regarding the Forming department. Forming Department Month Ended June 30 Unit information Beginning work in process, June 1 6,000 Started into production during June 30.000 Completed and transferred to Finishing department during June 2000 Ending work in process, June 30 (25% complete as to direct materials and 40% complete as to conversion costs) 14,000 Cost information Beginning work in process as of June 1 consists 01510300 of direct materials costs and $5,500 of conversion costs) $15,500 Direct materials used in June $27,000 Conversion costs incurred in June $14,850 Required (a) Calculate the equivalent units for conversion costs. (Show your work) (b) Calculate the cost per equivalent unit for conversion costs. (Show your work) (Points : 25)

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