FIFO Method, Physical Flow, Equivalent Units, Unit Costs, Cost Assignment a. In Cutting, all direct materials are added at the beginning of the process. c. Costs added to production during the month were direct materials, $2,565,000; direct labor, $3,471,050. Overhead was assigned using the following information: d. At the end of the month, 122,000 units were transferred out to Welding, leaving 13,000 units in ending work in process, or 25 percent complete. Assume that the FIFO method is used. Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for direct materials and conversion costs. 3. Compute unit cost. Round unit costs & final answer to three decimal places. per unit x Calculate the cost of ending inventory. In your calculations, round unit costs to three decimal places. Round your final answer to the nearest dollar. X