5Give the cost of finished goods (transferred out) under the fifo method 6Give the cost of WIP (work in progress) under the fifo method 75Give the cost of finished goods(transferred out) under the average method 8Give the cost of WIP (work in progress) under the average method Hint- yes you have to compute the # completed and transferred out PERCENT COMPLETED UNITS MATERIALS CONVERSION WIP BEGINNING 50,000 100% 60% STARTED INTO PRODUCTION 300,000 COMPLETED AND TRANSFERRED OUT ????? WIP ENDING 3,000 100% 10% MATERIALS CONVERSION S $ WIP BEGINNING 100,000 45,000 $ $ COSTS ADDED 3,000,000 150,000