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6) Miller Corporation manufactures a product for which materials are added at the beginning of the manufacturing process. This means 100% for materials at all times once started. A review of the companys inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion Work in process, January 1 (80% 100,000 $100,000 $157,500 complete with respect to conversion costs) Units started into production 500,000 Costs added during the year $650,000 $997,500 Units completed during the year 450,000 The company uses the weighted average cost method in its process costing system. The ending inventory is 50% complete with respect to conversion costs. Required: A. Compute the Equivalent units of production and Cost per equivalent unit for Matls & Conversion costs: (4 pts) Materials Conversion Units transferred to the next department Ending work in process inventory: Materials: Conversion: Equivalent units of production Materials Conversion Cost of beginning work in process inventory Costs added during the period Total cost Equivalent units of production Cost per equivalent unit B. Determine the cost transferred out to finished goods. 4 pts) Materials Conversion Total Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units completed and transferred out C. Determine the amount of cost that should be assigned to the ending work in process inventory (4 pts) Materials Conversion Total Ending work in process inventory: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory