Hi-Test Company uses the weighted average method of process costing to assign production costs to its products Information for the company's first production process September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. $119,225 Work in process inventory, September 1 (2,500 units, 1eux complete with respect to direct saterials, 20% complete with respect to direct labor and overhead; consists of 357,100 of direct materials cost, $62, 125 conversion cost costs incurred in September Direct saterials Conversion Work in process inventory, September 30 %,sen units, 100% complete with respect to direct materials, 30% complete with respect to conversion) Units started in September Units completed and transferred to finished goods Inventory $380,000 $337,000 28,500 23,500 Required: Compute each of the following using the weighted average method of process costing 1.8 2. The number of equivalent units for materials and conversion for the month 3. & 4. The cost per equivalent unit of materials and conversion for the month. 5. The total cost of goods transferred out 6. The total cost of ending work in process inventory Required 1 and 2 Required 3 and 4 Required 5 Required 6 The number of equivalent units for materials and conversion for the month. Equivalent Units of Production (EUP) Units 9 Materials EUP-Materials % Conversion EUR Conversion Total 1 am Required 3 and 4 > Required 1 and 2 Required 3 and 4 Required 5 Required 6 The cost per equivalent unit of materials and conversion for the month. (Round "Cost per Cost per Equivalent Unit of Production Direct Materials Conversion Total costs = Equivalent units of production Cost per equivalent unit of production Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of goods transferred out. (Round "Cost per EUP" to 2 decimal places.) EUP Cost per EUP Total cost Costs Transferred Out Direct materials Conversion Total transferred out Required 1 and 2 Required 3 and 4 Required 5 Required 6 The total cost of ending work in process inventory (Round "Cost per EUP" to 2 decimal places. EUP Cost per Costs of Ending Work in Process Direct materials Conversion EUP Total cost Total cost of ending work in process