Problem 3 The Packing Department of Covid 19 company has the following cost and production data for the month of May 2020. Work in process on May 1 are: Direct materials (100% complete) $100,000, conversion costs (20% complete) $70,000. Costs incurred during production in May: Direct materials $1,600,000; conversion costs $730,000. Units transferred out totaled 51,000; ending work in process was 3,000 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute for the following: 15. Equivalent units of production for conversion costs 16. Total unit costs 17. Total cost of transferred units transferred out 18. Total cost of Work in process, ending