Part 1. Problem Solving 50,000 6,000 45,000 11,000 Data presented below were taken from the books of the Suki Company for the month of March 2018 Units transferred in Units added to production Units transferred out Units in process, end Materials 100% complete, conversion costs 70% complete 24,750 Costs transferred in Cost added in the department Direct Material Conversion Cost 7,200 53,580 Required: 1. Determine the equivalent production for materials and conversion costs 2. Determine the cost of the units transferred out 3. Determine the cost of the units in process, end t 2. Answer the following: 1. What are the steps for assigning process costs to units? 2. What are the methods of costing under process costing? Part 1. Problem Solving 50,000 6,000 45,000 11,000 Data presented below were taken from the books of the Suki Company for the month of March 2018 Units transferred in Units added to production Units transferred out Units in process, end Materials 100% complete, conversion costs 70% complete 24,750 Costs transferred in Cost added in the department Direct Material Conversion Cost 7,200 53,580 Required: 1. Determine the equivalent production for materials and conversion costs 2. Determine the cost of the units transferred out 3. Determine the cost of the units in process, end t 2. Answer the following: 1. What are the steps for assigning process costs to units? 2. What are the methods of costing under process costing