Question 4 (20 points) Lakeland Chemical manufactures a product called Zing Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work in process inventory is 60% complete with respect to conversion, the ending work-in-process inventory is 55% complete. The following data pertain to May Units Work in process, May 1 20,000 Units started during May 60,000 Units completed and transferred out 65,000 Work in process, May 31 15,000 Convers Direct Material Total ion S Costs Costs: w 2. Using the weighted average method of process costing, the equivalent units of conversion activity total A. 65,100 B. 64,400 C 69,400 D. 73,250 3. Using the weighted average method of process conting, the cost per unit of direct materials is A $1.30 B. $1.18 C. $1.27 D. $1.14 4. Using the weighted average method of process costing the cost per unit of conversion activity A $2.50 B. $2.89 C. $2,70 D. $2.57 Costs: Work in process, May 1 $43,000 $18,000 $25,000 Costs incurred during May 236,000 73,000 163,000 Totals $279,000 $91,000 $188,00 0 1. Using the weighted average method of process costing the equivalent units of direct materials total: A 80,000 B. 69,400 C. 70,000 D. 75,000 2. Using the weighted average method of process costing the equivalent units of conversion activity total: A. 65,100 B. 64.400