Midterm Company manufactures a product that passes through two production departments: Department 1 and Department 2. The production process begins Department 1. Production data for December are as follows. Unit information Units in process, December 1 12,000 Units completed and transferred out 90,000 Units in process, December 31 30,000 Cost information Work-in-process, December 1 Direct materials $1,500 Conversion costs 525 Total $2,025 Costs added in December Direct materials $18,900 Conversion costs 4,575 Total $23,475 All direct materials are added at the beginning of the process. The units in beginning work-in-process are 70% complete with respect to conversion costs. The units in ending work-in-process are 40% complete with respect to conversion costs. Midterm Company uses a process costing system and accounts for beginning work-in-process using the FIFO method. Determine the number of units started into production during December. Determine the equivalent units of production with respect to direct materials. Determine the equivalent units of production with respect to conversion costs. Determine the cost per equivalent unit with respect to direct materials. Determine the cost per equivalent unit with respect to conversion costs. Determine the cost of work-in-process inventory as of December 31