$6\mathrm{.}32$ FIFO Method, Physical Flow, Equivalent Units, Unit Costs, Cost AssignmentSwasey Fabrication, Inc., manufactures frames for bicycles. Each frame passes through three processes: Cutting, Welding, and Painting. In September, the Cutting Department of the Tulsa, Oklahoma, plant reported the following data:$$In Cutting, all direct materials are added at the beginning of the process.$$Beginning work in process consisted of $41,000$ units, $20$ percent complete with respect to direct labor and overhead. Costs in beginning inventory included direct materials, $$1,200,000$; direct labor, $$230,000$; and applied overhead, $$150,000.$Costs added to production during the month were direct materials, $$2,600,000$; direct labor, $$3,500,000.$ Overhead was assigned using the following information:ActivityRateActual Driver UsageInspection$$100$ per inspection hour$3,000$ inspection hours$300,000$Maintenance$$700$ per maintenance hour$1,200$ maintenance hours$840000$Receiving$$300$ per receiving order$2,000$ receiving orders$6000001,740,000$SHOW ALL WORK$1.$ Calculate equivalent units of production for direct materials and conversion costs.Check answers here $-----$ DM EUP$94,000$ correct$41000$CC EUP$116,300$ correct$121000-41000140002.$ Compute unit cost. Round to three decimal places.DMBWIP$=41,000$ units$$CC$20\%$ complete for conversion$$Total$3.$ Calculate the cost of goods transferred out at the end of the month. In your calculations, round unit costs to three decimal places. Round your final answer to the nearest dollar.put answer here to check $---->$round final answer to nearest dollar$4.$ Calculate the cost of ending inventory. In your calculations, round unit costs to three decimal places. Round your final answer to the nearest dollar.put answer here to check $---->$round final answer to nearest dollar