Qatar Manufacturing Company QMC uses the First-In, First-Out (FIFO) method in its process costing system to produce leather wallets. Direct materials are added at the beginning of the process. Conversion costs are incurred equally. The following information relates to the operations of each wallets for Feb 2021: Physical Transferred-In Units (seats) Costs Direct Materials Conversion Costs Beginning work in process $45000 $50,000 5,000 $35,000 Degree of completion of beginning 100% work in progress ?? 60% Units started 20,000 Completed during the month and ??? transferred out Ending work in process 6,000 Degree of completion of ending work 100% ?? 50% in progress Total costs added during Feb 2021 $800,000 $900,000 $1,800,000 Required: QMC manager has asked you to find the Total cost per equivalent unit in this process