5. Ultra CIB Corp manufactures specialty pens in two departments, Modeling and Filling.
Materials are introduced in the Modeling Department. After modeling is completed, the materials
are transferred to the Filling Department.
The following data refer to the Modeling Department for March 2016
		Percent Completed
	Units	Materials	Conversion
Beginning WIP	60,000	65%	45%
Started into Production	440,000
Completed and Transferred To Filling Dept.	475,000
Ending WIP	25,000	80%	20%
		Materials	Conversion
Beginning WIP		$72,000	$38,000
Costs added during period		$550,000	$174,900
Required:
1. Determine the equivalent units for March for the Modeling process
2. Compute the cost per equivalent unit for the above
3. Determine the cost of ending WIP and the total cost of goods transferred to the Filling Department
4. Prepare a report to reconcile costs associated with ending WIP and goods transferred out to beginning WIP and costs added
during March