Q5: More Processing uses the weighted average method of process costing. The company's accountant has started the process costing for the period and has prepare the following information: Equivalent Units: Units completed and transferred Units in ending work in process inv Total Equivalent Units Materials 171,650 34,090 205,740 Conversion 171,650 24,420 196,070 Cost per Equivalent Unit $6.50 $10.73 a. Assign costs to units completed and transferred out. Cost assigned to units completed and transferred out: b. Assign costs to units remaining in ending work in process. Cost assigned to units in ending work in process: c. Prepare the journal entry to transfer the cost of units completed to Finished Goods Inventory. DEBIT CREDIT