Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below, The 2,000 units in beginning work in process inventory had direct materials costs of $2,400 and conversion costs of $1,600. Also shown is unit data for the Bending department this period. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Direct Materials Conversion Units 2,000 Percent Percent Complete Complete 100% 20% 6,000 7,000 1,000 100% 60% Work in Process Inventory-Bending (5) Debit Beginning balance Direct materials Direct labor Overhead Credit 4,000 7,200 7 Transferred out 3,000 14,400 Ending balance a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion. c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory.