Kay Company employs a process cost system for its manufacturing operations. l direct materlasion added at the beginning of the process and conversion costs are added uniformly. Kay's production quantity schedule and costs for November are reproduced below for the first stage of processing: Units Completion 100% 100% Cost Materials Conversion Materials Conversion Beginning work-in-Process | Units Started & Completed 2,500 Ending work-in-Process | S500 $1,000 $3,500 $5,000 500 | 50% | 1,000| | 25% Required (show work for partial credit): 1) Calculate the equivalent completed units for FIFO 2) Calculate the equivalent completed units for weighted average 3) Calculate the cost per equivalent completed unit for FIFO 4) 5) Calculate the ending work-in-process inventory for FIFO 6) 7) 8) Calculate the cost per equivalent completed unit for weighted average Calculate the ending work-in-process inventory for weighted average Calculate the total finished goods for FIFO Calculate the total finished goods for weighted average