Please Answer Question. I attached the FIFO Method Template. Thank You.

4) The Polishing Department of Estaban Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 2,000 units that are 100% complete as to materials and 40% complete as to conversion costs; units started during the period are 48,000, ending inventory of 6,000 units 30% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $18,000 of materials and $13,000 of conversion costs; materials costs added in Polishing during the month, $202,000 labor and overhead applied in Polishing during the month $178,300 and $312,500 respectively. The Company uses a FIFO system to record its information. Required; a) Prepare a production cost report for the month of September. 25 Marks F.I.F.O. METHOD A Opening W.L.P. Units Started during the period Total Units Total Units Opening W.I.P. Closing W.I.P. Units Started and Completed B EQUIVALENT UNITS Physical Units Equivalent Units Materials Conversion Costs % Units % Units (b) (axb) (c) ( a x C) (a) Opening W.L.P. Units started and completed Closing W.I.P. C COST PER EQUIVALENT UNIT Total Materials Conversion Opening W.I.P. Current Period Costs $ Equivalent Units Cost per equivalent Unit #DIV/0! #DIV/0! D COST ASSIGNMENT Opening W.I.P. Opening Costs Conversion Cost - Units started and completed Materials Conversion Closing W.I.P. Materials Conversion