Question 31 (9 points) : J&B Corporation manufactures high quality executive ball point pens and has the following information available for the month of July: Work in process, July rst 8,000 units (100% complete for materials, 60% for conversion) Direct materials. $50,000 Conversion costs $ 175,000 Number of units started during July 100,000 units Costs incurred during July: Direct Materials I $ 65,000 Conversion Costs $ 250,000 Work in process, July 31 12,000 units (100% complete for materials, and 30% complete for conversion) Fill in the blanks in the space provided. Use this information and your answers below to answer the bonus question(s) to follow (optional). st Physical Units Units in Beginnin VIP Units started during July total units 8,000 100.000 108,000 Units completed Units in Ending WIP total units Blank #1 12,000 108,000 Equivalent Units Direct Materials Conversion costs 96,000 96,000 12,000 Blank #2 108,000 Blank #3 Blank #4 425,000 Total Costs MacBook Air its in Beginning WIP mits started during July cal units 8,000 100.000 108,000 nits completed nits in Ending WIP tal units Blank #1 12,000 108,000 Equivalent Units Direct Materials Conversion costs 96,000 96,000 12,000 Blank #2 108,000 Blank #3 Blank #4 $ 425,000 otal Costs Direct Materials Conversion costs $ 1.0648 Blank #5 Total 5.331 $ Dost per equivalent unit (round to 4 decimal places) Blank #6 How much of the total costs of $540,000 should be moved out of WIP to Finished goods? (round this total to the nearest dollar)