Lubin, Inc. produces an environmentally correct paint that goes through department A and department B. Department A's data on units and costs for the last month are presented below: Conversion 30% Beginning work in process Units started Units transferred out Ending work in process Percent Completed Units Materials 3,000 60% 37,000 36,000 4,000 80% 40% Beginning work in process Current period cost Cost Materials $ 10,000 187,000 Conversion $ 6,000 220,000 Required: 1. 2. 3. 4. Compute the equivalent units of materials and conversion for the period. Compute the materials and conversion costs per equivalent unit for the period. Compute cost of units transferred out. Determine ending balance of work in process for materials and conversion cost