MegaCom Corporation produces a semiconductor chip used in communications. The direct materials are added at the start of the production process while comersion costs are adsed uniformiv throughout the production procoss. MegaCom had no inventory at the start of June. During the month, it incurred direct materials costs of $970,000 and conversion costs of $4,700,000. MeguCom started 500,000 chips and completed 300,000 of them in June. Ending inventory was 50% complete as to conversion costs. Compute (a) the equivalent units of work done in June, and (b) the total manutacturing cost per chip. Alocale the total costs between the completed chips and those in ending itventery. Compute (a) the equivadent units of work done in June. Entar the physical units in first, then calculate the equivalent units. (Enter a 0 for any zero balances.) Compute (b) the total manufacturing cost per chip. (Round your answer to the nearest cent.) Begin by calculating cost per equivalent unit for drect materials and comorsion costs. Begin by calculating cost per equivalent unit for direct materials and conversion costs. Finally, assign total costs to units completed (and transferred out) and to units in ending work in process. Compute (b) the total manufacturing cost per chip. (Round your answer to the nearest cent.) Begin by calculating cost per equivalent unit for direct materials and conversion costs. Compute (b) the total manufacturing cost per chip. (Round your answer to the nearest cent) Begin by calculating cost per equivalent unit for direct materials and conversion costs