abc corporation has the following costs for july: july 1, beginning work in process inventory (18,000 units): direct materials (70% complete) $ 122,400 conversion costs (60% complete) 76,800 total wip july 1 $199,200 during july: units started 90,000 units completed and transferred out 102,000 change to 96,000 units costs incurred during july direct materials $180,000 conversion $288,000 july 31, ending work in process inventory (12,000 units): direct materials (60% complete) conversion (50% complete) answer the following questions for july (3 points each): part 1: determine the number of units started and finished during july part 2: determine the costs transferred out to finished goods using fifo part 3: determine the equivalent units for conversion costs using weighted average part 4: determine the cost per equivalent unit for conversion costs using weighted average part 5: determine the costs transferred out to finished goods during july using weighted average