FIfO Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment Swasey fabrication, Inc, manufactures frames for bicycies. Each frame passes through three processes: Cutting, Weiding, and Painting. In September, the Cutting Department of the Tulso, Oklahoma, plant reported the following data: a. In Cutting, all direct materials are added at the beginning of the process. b. Beginning work in process consisted of 41,000 units, 20 percent complete with respect to direct labor and overhead, Costs in beginning inventory included dinect materials, $1,215,000; direct labor, $223,000; and applied overhead, $150,000. dvme the end of the month, 122,000 units were transferred out to Weiding, leaving 14,000 units in ending work in process, or 25 percent complete. Assume that the fifo method is used. Required: 1. Prepare a phryical flow schedule. 1. A phrsical flow schedule shows the units to account for and what happened to them. 2. Calculate equivalent units of production for direct materials and corversion costs. 3. Compute unt cost. Round unit costs a finat answer to three decimal places. per unit 4. Calculate the cont of goods transfered to Weiding at the eno of the month. In vour calcutations, round unit costs to three decimal places. Aound your final answer to the nearest doliar. x Calculate the cost of ending inventory In vour calculations, round unit costs to three decimal places. Round vour finat answer to the nearest doliar