QUESTION 1: (10 MARKS) Kee-Jun-Song Corporation is a Korean multinational engineering and electronics conglomerate. Its products and services ranges from information technology communications equipment and household appliances. Assuming the following information related to one of its UHD television product-Ine UHD850. It is the company policy to apply Process Costing System for their products. Particular Physical Units Direct Conversion (UHD850) Materials Costs W KRW) W (KRW) W (KRW) Beginning work in process (May, 1) 100 271,000 98,400 525 Started in May 2020 Completed during May 2020 4 85 Ending work in process (May 31/ 140 Total costs added during May 2020 3,825,000 1,654,400 Degree of completion direct materials, 80% conversion costs, 451 Degree of completion direct materials, 755 conversion costs 55% REQUIRED: Assuming Kee-Jun-Song uses First-in First-Out method of process costing. (Note: Use the template on page 6 and 7 of the answer booklet) a. Compute the equivalent units for direct materials and conversion costs. b. Calculate the cost per equivalent unit for direct materials and conversion costs. C Assign total costs to units completed (and transferred out) and to units in ending work in process