I't.{l_l[:'t'.illUll J. [1U lVldl'lib'} The Metal Works Company manufactures a product that goes through two departments prior tocompletion. The following information is available on work in one of these departments, theForming Department, during March: Percentagg Comleted Units Materials ConversionWork in process. March 1 70,000 5:"? 3HStarted into production 460.000Completed and transferred out 450.000Work in process. March 31 80.000 W8 $8 Cost in the beginning work-in-process inventory and cost added during the month were asfollows: Materials ConversionWork in process, March 1 $ 42,190 3 38,000Cost added during March $440,810 3 394,000 The Forming Department is the first department in the production process; after forming hasbeen completed, the imits are transferred to the Finishing Department. Required:at) Assuming the company uses the weighted-average method, calculate the equivalent units and unit cost for materials and conversion costs, rounded to the nearest tenth of a cent. Show your work. (5 Marks)b) (Appendix 6A) Assuming the company uses the FIFO method, calculate the equivalent units and unit cost for materials and conversion costs, rounded to the nearest tenth of a cent. Showvol] work. {5 Marksl