Problem 4: KP Products makes Pet Food. For the current week, KP started with 18,000 pounds of dog food, added 167,000 pounds of dog food into production and ended the week with 15,000 pounds still in WIP inventory. DIRECT MATERIALS The direct materials in beginning WIP were 100% complete and in ending WIP were 100% complete. Cost of Direct materials in beginning WIP was $14,600 and the cost of direct materials added during the week was $133,400. What was the cost per equivalent unit for Direct Materials for the week? What was the direct material cost (value) of Ending WIP? Of COGM? CONVERSION COSTS The combined Direct Labor and Applied Overhead (conversion costs) for Beginning WIP was 30% complete and cost $7,200. The conversion for Ending WIP was 60% complete and the conversion cost for the pounds of dog food started into production was $225,500. What was the cost per equivalent unit for conversion for the week? What was the conversion cost of Ending WIP? Of COGM