Question 2. (14 Marks) Yum Yum Meat Company uses a process costing system. The following information relates to one month's activity in the company's Curing Department: Conversion Percentage lComplete 20% Usts Beginning work in process inventory Unats started Units completed and transferred out Ending work in process inventory lf} 21,U{} 26,. 5. 8D% The conversion cost of the beginning inventory was $6,500 During the month, $112,0{Jf} in additional conversion cost was incurred. Required: a} Assume that the company uses the FIFD method. Compute the following: 1. The equivalent units of production for conversion for the month. (2Marks) 2. The cost per equivalent unit for conversion for the month. [1 Mark} 3. The total cost transferred out during the month. (3 Marks] 4. The cost assigned to the ending workinprocess inventory (2 Marks) h) Assume that the company uses the weighted average cost method. Compute the following: 1. The equivalent units of production for conversion for the month. [1 Mark) 2. The cost per equivalent unit for conversion for the month. {2 Marks] 3. The total cost transferred out during the month. {1 Mark] 4. The cost assigned to the ending work inprocess inventory. [EMarks]