Lancer Company uses the weighted average(WA) method in its process costing system. The following data pertain to operations in the first processing department for a recent month: 6,000 70% 80% $15,400 $ 9,200 2 50.000 Work in process, beginning: Units in process Percent completed with respect to materials. Percent completed with respect to conversion Cost in the beginning inventory: Material cost Conversion cost Units started into production during the month Units completed and transferred out during month Costs added to production during the month: Materials cost 500 Conversion cost 000 Work in process, ending Units in process Percent completed with respect to materials. Percent completed with respect to conversion S88 S 93. 8,000 75% 60% Required: 1) Prepare a worksheet showing 4 steps: number of units to account for the number of equivalent units produced; the cost per equivalent unit, and the assignment of costs. unit 2) Answer the following questions from the work sheet you prepared a) What is the number of equivalent units of direct material under FIFO?. b) What is the number of equivalent units of conversion cost under weighed average? c) Determine the total cost per equivalent (WA) d) Determins th of ending inventory (WA) Determine the cost of good units transferred out (WA) 1) How much is total cost accounted for COST B) Determine the cost to complete BWIP under FIFO (SHOW WORK) C). Determine the cost of good units transferred out under FIFO (SHOW WORK