Question Completion Status: Moving to the next question prevents changes to this answer. Question 1 Question 1 c 2 points Save A Qutar Manufacturing Company OMC uses the First-In, Fint-Out (FIFO) method in in process costing system to produce leather wallets. Direct materials are added at the beginning of the process Conversion costs are incune equally. The following information relates to the operations of each wallets for Feb 2021 Physical Units Transferred-la (seats) Costs Beginning work in process Direct Materials Conversion Casts $450,000 $500,000 5,000 $350,000 Degree of completion of beginning 100% 12 60% work in progress Units started 20,000 Completed during the month and ??? transferred out Ending work in process 6,000 Degree of completion of ending work 100% 22 50% in progress Total costs added during Feb 2021 $800,000 $900,000 $1,800,000 Required: QMC manager has asked you to find the cost of direct material for all units completed and transferred out to the next process