QUESTION 4 (20 marks) 100 70% Barache Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion 40% Costs in the beginning inventory: Materials cost $364 Conversion cost $1,120 Units started into production during the month 23,000 Units completed and transferred out 22,900 Costs added to production during the month: Materials cost $124,160 Conversion cost $637,088 Work in process, ending: Units in process 200 Percent complete with respect to materials 80% Percent complete with respect to conversion 70% Required: Using the weighted average method, determine the equivalent units of production for materials and conversion costs. (4 marks) (b) determine the cost per equivalent unit for materials and conversion costs. (6 marks) (c) determine the cost of units transferred out of the department during the month. (5 marks) (d) determine the cost of ending work in process inventory in the department. (5 marks) (Show workings and round to 2 decimal places)