QUESTION IV. 18 POINTS The following information is for production activities in the refining department of Petro Pure Corporation. All units in work in process (WIP) were costed using the FIFO cost system. Percentage of Conversion Refining Department Units Completion Costs WIP, February 1 23.000 70% 5 80 500 Units started and cost incurred during February 132.000 773,400 Units completed and transferred to the mixing department 130.000 WIP, February 28 60% Instructions (a) What was the conversion cost per equivalent unit of production last period? (b) What was the conversion cost per equivalent unit of production this period?[b] The conversion cost per equivalent unit of production this period 5 PTS Total Costs $773,400 1 PT / Total equivalent units (BI 23,000 X 30% = 1 PT 6,900 + S & TS = 1 PT 107,000 + EQ EI 25,000 X 60% )= 1PT 15,000 128,900