STION 2 Toronto Corporation uses a process cost system and the weighted average cost flow assumption. Production begins in the Assembly Department where mat process and conversion costs are incurred uniformly throughout the process. On May 1, the beginning work in process inventory consisted of 15,000 units whi $170,000, S135,000 of which were materials costs. During May, the following occurred: erials added ct Labour costs Hallocated s completed and transferred out in May sin ending work in process May 31 (30% complete) $303,000 $101,000 $8,180 45,000 28,000 uired: ate the equivalent units of production for material costs in Assembly Dept. (3 marks) Sate the equivalent units of production for conversion costs in Assembly Dept. (3 marks) s the material cost per unit conversion cost per unit & total product cost per unit for the month of May? (6 marks) re journal entries to record transferring of materials to Assembly Dept and from Assembly Dept to finished goods. ks) Solbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). VS Paragraph Arial Ili