5 Ocean Blue Corp. manufactures water bottles in two departments, Molding and Shaping Materials are introduced in the Molding Department. After assembly is completed, the materials 7 are transferred to the Shaping Department. 9 The following data refer to the Molding Department for March 2021 10 11 12 13 Beginning WIP Percent Completed Units Materials 3,000 90% Conversion 20% 14 Started into Production 4,000 15 Completed and Transferred ToShaping Des 16 Ending WIP 5,000 2,000 80% 30% 19 20 21 Beginning WIP 22 Costs added during period 23 24 25 Required: 26 Materials $2,760 Conversion $2,250 $8,500 $10,750 27 1. Determine the equivalent units for March for the Molding process 28 2. Compute the cost per equivalent unit for the above 29 3. Determine the cost of ending WIP and the total cost of goods transferred to the Shaping Department 30 4. Prepare a report to reconcile costs associated with ending WIP and goods transferred out to beginning WIP and costs added during March 31 32 33