Woodi corp, manufactures wooden tables. The costs of both material and conversion are added at the same rate throughout the process. When the process is completed, the product is sold The company uses FIFO to account for its inventory Information for January 2021 units 4,500 60% Beginning inventory Amount Rate of completion Cost of materials Cost of conversion $30,150 $26,350 Unit started during the period units 40,000 Amount $492,000 $430,500 Costs during the period Cost of materials Cost of conversion units 2,000 :Ending inventory Amount Rate of completion 60% REQUIRED What is the cost of equivalent units of material and conversion ? What is the cost of ending inventory in process