Round everything to 4 decimals places if needed, except for final answers of COGM and EWP Box or circle your final answers to each question! Exercise 1) Having Fun Filters produces an air filter for use in accounting classrooms. Parts are added at several points in their production process. In February, production began with 550 filters in work in process, 50 percent complete as to materials and 40 percent complete as to labor and overhead. During the month, an additional 3,200 units were started into production. Eight hundred filters were in work in process at the end of the month, and they were 70 percent complete as to materials and 60 percent complete as to labor and overhead. Having Fun Filters uses the Weighted-Average method. Cost information for February: Cost Added in February S 333,810 $ 97,542 Beginning WIP Inventory Direct material Direct labor Manufacturing overhead $ 97,500 $130,000 $ 54.000 S 612.348 Total