Part II Answer the following 3 questions. Clearly label all answers and show all work. Partial credit will be awarded (5 points each) 1)Ladders Company has the following information available for May (All materials are added at the beginning of the production process and conversion costs are added uniformly throughout the process). Beginning Work-in-Process inventory (25% complete as to conversion) Started Ending Work-in-Process inventory (30% complete as to conversion) Completed and transferred out Beginning Work-in-process costs: Materials Conversion Current Period Costs: Materials Conversion Required: Prepare an equivalent units schedule using the weighted average method. "BONUS QUESTIONS Not required, considered for bonus credit only. 10,000 units 120,000 units 30,000 units 100,000 units 1) Compute the cost per equivalent unit assuming the weighted average method (1pt) $2,100 $2,030 $33,000 $109,695 2) Assign costs to completed and transferred units AND ending work-in-process using the weighted average (2 pts) 3) Equivalent units assuming the FIFO (1 pt)