The Mixing Division of the Huxtable Company uses a process cost accounting system and a weighted- average cost flow assumption. The department adds all materials at the beginning of the process. Conversion costs are incurred evenly throughout the process. During July, $190,000 of materials costs and $135.000 in conversion costs were charged to the department. The beginning work in process inventory was $ 103,000 on July 1st, comprised of $80,000 of materials costs and $23,000 of conversion costs. Other data for the month of July are as follows: Beginning work in process inventory, July 1st - 25,000 units (40% conversion complete) Units completed and transferred out - 70,000 units Ending work in process inventory, July 31st - 30,000 units (30% conversion complete) Instructions Answer the following questions for July (using workbook pages 259 through 265 for assistance). Please specify if your answers are in units or dollar amounts. 1. How many units were started during July? (Label your answer #1.) 2. What are the equivalent units of production in July for conversion? (Label your answer #2.) 3. What is the total cost of the July 31st Work in Process inventory? (Label your answer #3.) 4. What is the cost per equivalent unit of production in July for materials? (Label your answer #4.) 5. What is the total cost assigned to the 70,000 units that were transferred out of the process in July? (Label your answer #5.)