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Chapter 4 ABC company had the following data Work in Process Inventory, January 1 500 units January 1 Materials Completed January 1 Conversion Completed Work in Process Inven January 31 Materials Completed January 31 Conversion Completed Units Transferred to Finished Goods 750 Total Cost-Materials Total Cost- Conversion 10% | 9090 January 31 1000 units 25% 75% 100,000 75,000 1. Compute the equivalent units of production for materials and conversion. Materials 1,000 eq. units Conversion-1,500 eq units 2. Compute the cost per equivalent unit for materials and conversion Materials $100/eq unit Conversion $50/eq, unit 3. Compute the cost of units transferred 112,500 Compute the cost of the ending work in process inventory $62,500