The candy making department at MyChocoCrush Company provides you with the following information for October. All direct materials are placed in process at the beginning of production. The facts are: Beginning Work in Process $7000$ units $(50\%$ completed for conversion$)$ $ Amount $60,000$ Unit started during the month $315,000$ units Direct materials used for the month $ $950,000$ Direct labor costs incurred $ $200,000$ Factory Overhead allocated $ $100,000$ Units Completed $($and transferred out$)$ this month $300,000$ units Ending Work in Process Unfinished units are $20\%$ completed for conversion REQUIRED: Use the weighted average process cost method to identify and classify the costs below: HINT: Prepare a Production Cost Report first! $1.$ Determine the number of units of work in process inventory at the end of the month. $2.$ Determine the equivalent units of productions for direct materials and conversion costs. $3.$ Determine direct materials cost per equivalent unit $4.$ Determine conversion cost per equivalent unit $5.$ Cost of units completed and transferred out during October $6.$ Cost of ending work in process