FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process the following equivalent units schedule for the Cutting Department: Required: 1. Prepare a physical flow schedule for April. 2. Compute the cost per equivalent unit for April. If required, round your answer to the nearest cent. s per equivalent unit 3. Determine the cost of ending work in process and the cost of goods transferred out. 4. Prepare the journal entry that transfers the costs from Cutting to Sewing