Part 2 of 4 Required information [The following information applies to the questions displayed below.) Pacific Ink had beginning work-in-process inventory of $1,005,960 on October 1. Of this amount, $423,500 was the cost of direct materials and $582,460 was the cost of conversion. The 61,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. points Skipped During October, 128,000 units were transferred out and 43,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,314,300 for direct materials and $4,022,730 for conversion. eBook Compute the costs of goods transferred out and the ending inventory using the weighted average method. (Round intermediate calculations to 2 decimal places.) Print References Cost of goods transferred out Ending inventory Part 3 of 4 Required information [The following information applies to the questions displayed below.) Pacific Ink had beginning work-in-process inventory of $1,005,960 on October 1. Of this amount, $423,500 was the cost of direct materials and $582,460 was the cost of conversion. The 61,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. points Skipped During October, 128,000 units were transferred out and 43,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,314,300 for direct materials and $4,022,730 for conversion. eBook Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method. Print Complete this question by entering your answers in the tabs below. References Required Required Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs