Barney Corporation adds materials at the beginning of the process in Department AX. The conversion costs were 75% complete as to the 21,280 units in WIP on April 30 and 45% complete as to the 14,400 units in WIP on May 31, During May, 55,980 units were completed and transferred to the next department. An analysis of the costs relating to WIP at May 1 and to production activity for May is as follows Direct Materials Conversion $18,908 $11,172 $76,105 $32,550 WIP, May1 Costs added in May Do nat enter dolar sians or commas in the maut esBound all other answers to the nearest whole unt. or whole dollar Round the Cost per Equivalent Unit to 2 decimal places, Round all other answers to the nearest whole unit or whole dollar a) If the company uses FIFO, calculate the cost per equivalent unit with respect to direct materials and conversion costs. Prepare a Cost of Production Report. Barney Corporation Department AX Cost of Production Report for May (FIFO) Equivalent Units UNITS Whole Units Direct Materials Conversion Units charged to production Beginning inventory Units started and completed Ending inventory Total Units accounted for Units to be assigned cost Beginning inventory: 0% material, 75% CC Units started and completed Ending inventory: 100% material, 45% CC Total equivalent units Cost COST Direct Materials Conversion Total Cost