MegaCom Corporation produces a semiconductor chip used in communications. The direct materials are added at the start of the production process while conversion costs are added uniformly throughout the production process. MegaCom had no inventory at the start of June. During the month, it incurred direct materials costs of $960,000 and conversion costs of $4,660,000. MegaCom 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 manufacturing cost per chip. Allocate the total costs between the completed chips and those in ending inventory. Compute (a) the equivalent units of work done in June. Enter the physical units in first, then calculate the equivalent units. (Enter a "0" for any zero balances.) Flow of Production Work in process, beginning Started during current period To account for Completed and transferred out during current period: Started and completed Work in process, ending Equivalent Units Physical Direct Conversion Units Materials Costs 0 500,000 500000 300000 300000 300000 200000 200000 100000