Lesson 3 Homework Complete and submit your work in an Excel file to the dropbox by the Lesson 3 Deadline. Below is the assignment The candy making department at MxChocoCrush Company provides you with the following information for October. All direct materials are placed in process at the beginning of production. The facts are: Amount Beginning Work In Process Purchases of Direct materials for the month 5,000 units (50% Completed) 312,000 unit $40,000 $1,000,000 $200,000 $100,000 Direct labor Costs Incured Factory Overhead Allocated Units Completed (and transferred out) this month Ending Work In Process 305,000 units Unfinished units are 20% complete REQUIRED: Use the weighted average process cost method to identify and classify the costs below: HINT: Prepare a Production Cost Report first! 1. Determine the number of units of work in process inventory at the end of the month. 2. Determine the equivalent units of productions for direct materials and conversion costs. 3. Determine direct materials cost per equivalent unit 4. Determine conversion cost per equivalent unit 5. Cost of beginning work in process completed during October 6. Cost of units started and completed during October 7. Cost of ending work in process