Required1. Determine the equivalent units of production with respect to (a) Dire

Required1. Determine the equivalent units of production with respect to (a) Direct labor and (b) Direct materials.2. Compute both the direct labor cost and the direct materials cost per equivalent unit.3. Compute both direct labor cost and direct materials cost assigned to (a) Units completed and transferred out and (b) Ending goods in process inventory.Analysis Component4. The company sells and ships all units to customers as soon as they are completed. Assume that an error is made in determining the percentage of completion for units in ending inventory. Instead of being 90% complete with respect to labor they are actually 75% complete. Write a one-page memo to the plant manager describing how this error affects its November financial statements.