Brussels CorningWare reports the following information for its Baking process during the month of March 020: Materials are entered at the beginning of the Baking process. Other costs are incurred evenly during the process Production results were: (1) 36,000 units were started at the beginning of March (2) At March 31, 2020, 3,600 units were left 50% complete as to conversion and 100% complete as to material Costs accumulated during March include: (1) $0 costs (no beginning WIP) (2) Material, $72,000 (3) Labor, $55,000 (4) Manufacturing Overhead, $101,000 INSTRUCTIONS: (Hint: Be sure to have a blank Product Cost Report to help you) Answer the questions below. Strictly follow these specifications: Round S-amounts to the nearest $.01 (penny. Include a S on all dollar amounts. Include the decimal point and 2-digit cents on all dollar amounts. Include a comma on all dollar amounts where applicable. For each blank, do not provide a longer answer than asked. ALL are one-word or one S-amount answers. units. Required: 1. The TOTAL number of units in process during the month is 2. The equivalent units of production for material equals 3. The equivalent units of production for Conversion cost equals units units 4. The answer to #3 is found by adding together : 1. percent units and 2 units multiplied by 5. The unit cost for material equals divided by 6. The unit cost for conversion cost equals divided by 7. The total cost to be accounted for equals 8. How many units were transferred out? 9. What is the total cost of units transferred out? Identify and explain the relationship between (1) Process Costing and (2) the Production Cost Report. BE SPECIFIC Paragraph Arial 3 (12pt) T % DO TT. 'S of Mashups - ST 1 HTML CSS Path:P Words:0 QUESTION 2 Why would a clothing manufacturer that manufacturers ONLY by order likely NOT use a process costing accounting system? BE SPECIFIC Paragraph Arial 3 (12pt) T TT @fx Mashups GE 1 so HTML CSS Path:p Words: 0