Problem (10 points). The attached data pertain to a production center of Pear Company. The ending inventory consisted of 11.000 units which were 60% complete as to materials and 25% complete as to conversion costs. REQUIRED: Using the attached forms, prepare the following schedules for the cost of production report for Pear Company using the average cost method. (1) Schedule of Physical and Equivalent Units. (2) Unit Cost Analysis Schedule (round unit costs to four decimal places). (3) Cost Summary Schedule (round all dollar amounts to the nearest whole dollar). PEAR COMPANY DATA RELATING TO PRODUCTION USING PROCESS COST SYSTEM FOR MONTH OF AUGUST Work in Process Inventory, August 1: (70% complete as to materials and 30% as to conversion costs) Number of Units 12,500 Direct Materials Cost $ 15,600 Direct Labor Cost S 22,570 Manufacturing Overhead Applied ($7.00 per machine hour) S 56,000 Units Started in August 32,500 Costs Incurred in August: Direct Materials Cost $ 37.200 Direct Labor Cost $ 49,600 Manufacturing Overhead Applied (15,000 machine hours incurred) ? (1) PEAR COMPANY SCHEDULE OF PHYSICAL AND EQUIVALENT UNITS--AVERAGE COST FOR MONTH OF AUGUST Equivalent Units Physical Direct Conversion Units Materials Costs Units To Account For: Beginning WIP Inventory Units Started During Period Total Units To Account For Units Accounted For: Units Completed During Period: From Beginning WIP Inventory Units Started and Completed During Period Total Units Completed During Period Units in Ending WIP Inventory Total Units Accounted For Total Costs (2) PEAR COMPANY UNIT COST ANALYSIS SCHEDULE-AVERAGE COST FOR MONTH OF AUGUST Direct Conversion Materials Costs Costs To Account For: Costs From Beginning WIP Inventory Current Period Costs Total Costs To Account For Divided By Equivalent Units Cost Per Equivalent Unit PEAR COMPANY COST SUMMARY SCHEDULE-AVERAGE COST FOR MONTH OF AUGUST Direct Conversion Materials Costs Costs Accounted For: Costs From Beginning WIP Inventory Total Costs To Complete Beginning WIP Inventory: Direct Materials Conversion Costs Units Started and Completed During Period: Direct Materials Conversion Costs Total Cost of Units Completed and Transferred to Finished Goods Ending Work in Process Inventory: Direct Materials Conversion Costs Total Cost of Ending Work in Process Total Costs Accounted For