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Slidell Manufacturing Company The company uses process costing. In the production process, direct material (DM) costs and conversion costs are incurred at different points. For

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Slidell Manufacturing Company The company uses process costing. In the production process, direct material (DM) costs and conversion costs are incurred at different points. For June, the company completed the 2.000 units in beginning W-I-P and started an additiona6.000 units. During the month, the company completed 4.000 unit. All 4,000 units were sold for $5 per unit. There was no beginning or ending finished goods for the month. Beginning W-I-P (1,000 physical units) $ 3.200 DM (75% complete) 1.450 Conversion (70% complete) $ 4,650 Total Manufacturing costs incurred in June: $16.000 DM 5.800 Conversion $21,800 Total Ending W-I-P consisted of 3,000 physical units that were 80% complete regarding DM and 60% complete regarding conversion costs. Required (1) Using weighted average approach, calculate cost per equivalent unit. Also determine ending W-I-P and cost of goods sold. Provide the financial accounting entries for the sale of the units. Using if apppbach, calculate costper equivalent unit. Also determine salud of ending W-L-P and cost of goods sald

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