PVC Company manufactures plastic pipes and use three departments to process the product. Information on work in the first department is given below for August: Production Data: Pounds in process, Ago 1: materials 100% complete Convertion 90% complete 70,000 Pounds started into production Pounds completed and transferred 350,000 ? Pounds in process Ago 39, materials 75%, Convertion 25% complete. > COST DATA: 40,000 Work in process, inventory., Ago 1. Materials cost Convertion cost Cost Added: $86,000 .36,000 Materials cost Convertion cost $ 447,000 198,000 REQUIRED 1. COMPUTE THE EQUIVALENT UNITS OF PRODUCTION 2. COMPUTE THE COST PER EQUIVALENT UNIT 3. DETERMINE THE COST OF ENDING WORK IN PROCESS INVENTORY AND THE UNITS TRANSFERRED 4. COST RECONCILIATION