i know they dont write conversion cost but they write labor its the same thing correct, as far as the units involve is it total to 1,200,000 accounted for can you help me with this problem, please

You are employed by Spirit Company, a manufacturer of digital watches. The companys CFO has asked that you determine the costing information for past year. You have the following information available to you to complete this process.

Materials are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate of 60% of direct labor cost. The ending WIP inventory is 50% complete as to conversion costs. There was no Finished Goods inventory at the beginning of the year (all prior year finished goods were sold) and 200,000 units at the end of the current year. A review of Spirits inventory and cost records has disclosed the following data:

Costs

Units Materials Labor

WIP, January 1 (conversion 80% complete) 200,000 $200,000 $315,000

Units started into production 1,000,000

Costs added during the year:

Materials cost $1,300,000

Labor cost $1,995,000

Units completed during the year 900,000

The company uses the weighted average method.

Required

Determine the equivalent units and costs per equivalent unit for materials and conversion costs. What are the ending cost balances in the WIP and Finished Goods inventory? Determine the cost of goods sold for the year (assume no over- or under-applied overhead).