XYZ Manufacturing operates a production process with two main stages: direct material and conversion. The following information is available for the current accounting period: Beginning inventory: 10,000 units, 100% complete as to direct material and conversion. Units started and completed during the period: 30,000 units. Ending inventory: 5,000 units, 100% complete as to direct material, but only 60% complete as to conversion. Additional cost information: Beginning inventory costs: Direct material: $50,000 Conversion cost: $30,000 Current period costs incurred: Direct material: $150,000 Conversion cost: $120,000 Required: Calculate the equivalent units for direct material and conversion cost. Determine the total cost transferred out of the process. Calculate the total cost of the ending inventory. Compute the cost per equivalent unit for both direct material and conversion cost.