Process Costing Drill #1 Production Report Wax Company has the following units processed in its widget's molding Physical Direct department. Units Materials Conversion Units to Account For: Costs Total Percent From Beginning Work In 140,000 complete Process with respect Units started during the 320, 000 Units to conversion period Total Units to Account For 4160,000 Beginning work in process 140,000 70% Units Accounted For: Units completed 300,000 100% Completed and transferred 300,000 1300 , 000 1300,000 out Ending work in process 160,000 30% Ending Work in Process 481000 48,000 Total Units Accounted for 4601000 Total Equivalent Units 3481000 1340, 000 Compute the total equivalent units of production with respect to conversion for February using the weighted-average inventory method. Costs to Account For: Beginning Work-in-Process 98,000 98,000 Costs incurred during period Total Costs to Account For: Cost per equivalent unit Cost of Units Completed & transferred out Ending Work In Process Total Costs Accounted For: 241 240