Problem - Process Costing B1 A mass producer of electronic components, Elonix Castings, uses process costing for its product costing. The following information pertians to operations for Q3 for product YTR789V. Units Percentage Complete Direct Materials Conversion Beginning Work in Process Inventory, Q3 22,000 50% 20% Started in production during Q3 218,000 Ending Work in Process Inventory 20,000 75% 40% Beginning Work in Process Inventory Costs: Material $446,600 Conversion $1,695,500 Current Period Costs: Material $1,358,200 Conversion $972,100 REQUIRED Using the weighted-average method, answer the following questions: 1. How many units were completed and transferred to finished goods? 2. What are the total equivalent units for each cost component? 3. What is the cost per equivalent unit for each cost component? 4. What is the cost transferred to Finished Goods Inventory? 5. What is the cost of ending WIP inventory? 6. If there was no beginning finished goods inventory for Q3 and 194,500 units were sold in Q3 how much is COGS?