Problem 5-14 (Algo) Analysis of Work in Process T-account-Weighted-Average Method (LO5-1, LO5-2, LO5-3, LO5-4) Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Debi Credit Inventory, May 1 178,000 Completed and transferred to the Mixing Department Materials 724,040 Conversion 402,000 Inventory, May 31 The May 1 work in process inventory consisted of 50,000 pounds with $109,000 in materials cost and $69,000 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 306,000 pounds were started into production. The May 31 inventory consisted of 140,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted average method in its process costing system Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Problem 5-14 (Algo) Analysis of Work in Process Taccount-Weighted Average Method (LO5-1, L05-2. LO5-3, LOS 4) Weston Products manufactures an industria de compound that goes to the processing pinang and Cooking Allraw materials are produced at the art of work in the Grinding Department. The work in process account Grinding Department for May is given below Working Material . 72.00 #1 HT HN 1 The Mayf work in process inventory consisted of 50.000 pounds with $100.000 in materiale cost and 68.000 inconsin cost. The May I work in process inventory was 100% complete with respect to materials and complete with respect to conversion During May, 306,000 pounds were started into production. The May 31 Inventory consisted of 0.000 pounds that were 100% completa w respect to materials and 70% complete with respect to conversion. The compares the weirdagemeno in process costing system Required: Compute the Grinding Departments equivalent units of production for me and conversion in May 2. Compute the Grinding Departments costs peregulerint for materials and conversion for May Comote the Grinding Departments cost of ending work in process inventory for materials conversion, and in total for May 4 Compute the Grinding Department's cost of units transferred out to the Maring Department forte conversion, and now for Complete the question by entering your answers in the tabs below. Heures Required Required Red Compute the Gran Departments into production for materies and conversion in May Court of production Required 2)