Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller had the following information for the Cutting Department Physical Units 0,000 60,000 50,000 20,000 Direct Materials $20,000 Conversion Costs $80,000 Beginning work in process Started during April Completed during April Ending work in process Costs incurred during April $240,000 S320,000 Direct materials are added at the beginning of the process. Units in beginning work in process were 50% complete for conversion, and units in ending work in process were 25% complete for conversion Required 1. Compute the cost per equivalent unit for April 2. Determine the cost of ending work in process and the cost of goods transferred out. 3. Prepare the journal entry that transfers the costs from Cutting to Sewing