QUESTION 2 INSTRUCTION 2: (Round $-amounts to the nearest $.01fa, penny). Show support for your answers. Use the information below AND determine the (a) cost of the units transferred out and tb) the cost of the ending WIP for October 31. HINT: Use your hard copy of the production cost report to assist you. of Smith Tire & Rubber reports the following information for the month of October 2018: Materials are entered at the beginning of the trimming process. Other costs are incurred evenly during the trimming process Production results were: (1) 12,000 units were transferred out at the end of the month. (2) At October 31, 2018, 3,000 units were left 40% complete as to and 100% complete as to material. conversion (1) $0 costs (i.e., no beginning WIP) at October 1, 2018 (2) Material, $55,000 (3) Labor, $16,200 (4) Manufacturing Overhead, $18,300 during October include: HINT: Use your hard copy of the production cost report to assist you. T T T Paragraph : Arial 3(12pt) :-.. I-. T. /, Click Save and Submit to save and submit. Click Save All to save all answers MacBook Pro