10. Oredo Corporation manufactures metal products through two processes: Molding and Packaging. Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department for January 2020 are presented below. Production Data January Beginning work in process units Units started into production 4,250 Ending work in process units Percent complete ending inventory 60% Cost Data Materials $51,000 Labor 9,600 Overhead 15.000 250 Business Administration Program Final Assessment Semester Spring 2021 Page 4 Total $75.600 Required: (a) Compute the physical units of production(1 mark) (b) Determine the equivalent units of production for materials and conversion costs. (1 mark) (c) Compute the unit costs of production. (1 mark) (d) Determine the costs to be assigned to the units transferred out and in process.(1 mark) (e) Suppose the product goes through 2 different processes, then how many WIP account will be prepared? (1 mark)