Complete Corporation manufactures water skis through two processes: Molding and Packaging. In the Molding Department fiberglass is heated and shaped into the form of a ski. In the Packaging Department, the skis are placed in cartons and sent to the finished goods warehouse. Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department for January are presented below. Production Data Beginning work in process units Units started into production Ending work in process units Percent complete-ending inventory Cost Data Materials Labor Overhead Total January 0- 50,000 10,000 40 $555,000 100,000 131,000 $786,000 Instructions (a) Compute the physical units of production. (b) Determine the equivalent units of production for materials and conversion costs (c) Compute the unit costs of production. (d) Determine the costs to be assigned to the units transferred out and in process