i would really appreciate a explanation. Thank you!

CoursHeroTranscribedText: Franklin Corporation produces a single product- The product is both large and expensive, so few units are produced in any month. The production process requires all material to be brought to the shop floor before any work begins. The material is then processed and assembled and then transferred to nished goods inventory. Every unit is completely identical in specification and use, and no customization is possible. During March. only three units were started and these were labelled Unit 03-01, Unit 03-02, and Unit 0303. There was no beginning inventory of any kind on March "I. Records from the raw material store and employee time records show the following requisitions and direct labor costs. Direct Material Direct Labor Unit 3331 $ 12,333 $ 44,333 Unit 3332 11,333 33,333 Unit 3333 13,333 13,333 The difference in the material cost represent the historical cost of material purchased at different times. The difference in labor cost represent the difference in seniority [not skill) ofthe individual employees- Overhead for the month of March totaled $138,000. During March. Unit 0301 and 03-02 were completed and transferred to finished goods. Unit 0303 was still in process on March 31. Requhed: 3. Suppose Franklin uses ajob cost system and applies overhead to products based on direct labor cost. What will be the cost ofthe units transferred to finished goods? What will be the amount in WorkinProcess Ending Inventory? [3. Suppose Franklin uses process costing and Unit 0303 was 30 percent complete with respect to conversion cost (direct labor and overhead cost)- Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in WorkinProcess Ending Inventory? 1:. What system [job costing or process costing) would you recommend for Franklin? Suppose Franldin uses a job cost system and applies overhead to products based on direct labor cost. What will be the cost the units transferred to nished goods? What will be the amount in WorkinProcess Ending Inventory? (Do not round intermediate calculations.) Cost of goods transferred oui _| Work in process ending inventory Required 3 ) Required A Required B Required C Suppose Franklin uses process costing and Unit 03-03 was 30 percent complete with respect to conversion cost (direct lab and overhead cost). Assume that direct materials cost is not traced to individual units. What will be the cost of the units transferred to finished goods? What will be the amount in Work-in-Process Ending Inventory? (Do not round intermediate calculations.) Show less Cost of goods transferred out Work in process ending inventory