PART B Wawasan Bahagia makes gameboards and uses a first-in first-out process costing system. On 1 Mac 2021, the company had 400 boards in process that were 100 percent complete as to materials and 85 percent complete as to conversion During the month, 3,500 additional boards were started. On 31 Mac 2021, 300 boards were still in process (100 percent complete as to materials and 60 percent complete as to conversion) Continued... HAM 2/5 BAC 1624 MANAGEMENT ACCOUNTING 1 18 JUNE 2021 Cost information for Mac 2021 is as follows: RM Beginning WIP inventory costs: Direct materials Conversion 5,350 5,700 Current period costs: Direct materials Conversion 62,770 35,280 Required: a) Determine the equivalent units for direct materials and conversion. (8 marks) b) Compute cost per equivalent unit for each cost component. (2 marks) TOTAL: 25 MARKS