Benson Watches, Incorporated makes watches. Its assembly department started the accounting period with a beginning inventory balance of $21,500. During the accounting period, the department incurred $40,500 of transferred-in cost, $22,500 of materials cost. $61,000 of labor cost, and $58,500 of applied overhead cost. The department processed 6,000 total equivalent units of product during the accounting period. Required (Each requirement is independent of the other.) a. Assuming that 1,150 equivalent units of product were in the ending work in process inventory, determine the amount of cost transferred out of the Work in Process Inventory account of the assembly department to the Finished Goods Inventory account. What was the assembly department's cost of ending work in process inventory? b. Assuming that 5,550 units of product were transferred out of the assembly department's work in process inventory to finished goods inventory, determine the amount of the assembly department's cost of ending work in process inventory. What was the cost. of the finished goods inventory transferred out of the assembly department