In the month of June, department Y had 10,000 units in beginning work in process that were 70% complete. During June, 40,000 units were completed and transferred into production from department X. At the end of June, there were 5,000 units in ending work in process that were 40% complete. 50% Materials are added at the beginning and the rest is added at end of the process, while conversion costs are incurred uniformly throughout the process. The total cost for materials was $450,000 and conversion was $400,000. Required: 1- Calculate the cost per equivalent unit of Materials and Conversion (4) 2- Cost of Materials and Conversion to be included in ending WIP Inventory. (2) Hint: Calculate Equivalent units for cost elements first. *