P2. (4 Points) I-Spy Corp. is a manufacturer of hemp cloth. They use the weighted-average method. The information for March is as follows: Beginning work-in-process Units started 10,000 units 20,000 units 25,000 units 6,000 $2,600 30,000 $12,000 $5,000 Units completed&transferred out eginning work-in-process direct materials Beginning work-in-process conve Direct materials added during month Direct manufacturing labor during month Factory overhead rsion Beginning work-in-process was 80 percent complete for direct materials and 60 percent converted as to labor and conversion costs. All conversion costs are incurred evenly throughout the process. At the end of the period, ending work in-process was 100 percent compete for direct materials and 60 percent complete for conversion costs. A. Compute equivalent units for direct materials and conversion costs. B. For the data above, summarize total costs to account for, calculate cost per equivalent unit for direct materials and conversion costs, and assign total costs to units in ending work in process and completed (and transferred out) units. Note: In other words you should complete the whole processing sehedule