QUESTION 4 SESSION 2011/2012 (b) Tulip Sdn Bhd (TSB) produces popular fish crackers in Mersing TSB uses a process costing system. Direct materials are added at the beginning of the process, while conversion costs are continuously added throughout the production process. Below is the information for the month of Mac 2011: RM Items Beginning Work In Process - 40,000 unit Direct Material Conversion Cost: 38% completed Started into production - 190,000 unit 110,500 22.375 Ending Work In Process - 50,000 unit Conversion Cost: 55% completed Additional Cost in March: Direct material Direct Labour Applied Overhead 430,000 128.000 192.000 REQUIRED: Calculate (1) Equivalent units for direct material and conversion cost [2 marks] (ii) Cost per equivalent unit for direct material and conversion cost. [3 marks] (iii) Cost of units transferred out [1 mark] (iv) Cost of ending inventory work in process. [2 marks]