Accessory World makes floor mats for the automobile industry. Finished sets of mats must pass through two departments: Cutting and Coating. Large sheets of synthetic material are cut to size in the Cutting Department and then transferred to the Coating Department, where each set is sprayed with a chemical coating for improved durability. The following information pertains to May activity in the Cutting Department. $ 44,800 200,000 87,200 Cost data: Total cost of beginning inventory on May 1 Direct materials costs incurred in May Conversion costs incurred in May Physical units data: Units in process, May 1 Units started in May Units in process, May 31 Percentage of completion data: Direct materials, May 1 Conversion, May 1 Direct materials, May 31 Conversion, May 31 8,000 sets 50,000 sets 10,000 sets 100% 80 100% 20 a. Prepare a schedule showing: (1) the number of mat sets transferred from the Cutting Department to the Coating Department in May, and (2) the number of mat sets started and completed by the Cutting Department in May. b. Compute the equivalent units of input resources for the Cutting Department in May. c. Compute the cost per equivalent unit of input resource for the Cutting Department May d. Prepare the summary journal entry required to transfer the cost of completed mat sets from the Cutting Department to the Coating Department in May. e. Compute the total cost assigned to the Cutting Department's ending inventory on May 31. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Prepare a schedule showing: (1) the number of mat sets transferred from the Cutting Department to the Coating Department in May, and (2) the number of mat sets started and completed by the Cutting Department in May. (Amounts to be deducted should be indicated by a minus sign.) Total units in process during May Units started and completed in May