Problem #2 Complete five-step procedure in second department Nikki's Widgets experienced the following activity in its Third Department during December. Materials are added at the beginning of the process in the Third Department. (20 points) Units: Work In Process, Dec. 1(80% completed) 6,000 units Transferred in 29,000 units Completed during Dec. Work in Process Dec 31 (70% complete) 7,000 units Cost Work in Process Dec. 1 (trans-in $21,600, DM $20,350 $69,640 Conversion $27,690) Transferred in during Dec. 97,400 Direct Materials added Dec 63,650 Conversion cost added in Dec. 90,750 Requirements 1. Summarize flow of physical units and compute total equivalent units for three cost categories: transferred-in, direct materials, and conversion costs. 2. Summarize total costs to account for and compute the cost per equivalent unit for each cost category. 3. Assign total costs to (a) units completed and transferred to Finished Goods Inventory and (b) units in December 31 Work in Process Inventory