Lacy, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: Actual Usage (by Plate Cutting) Driver Rate Direct labor cost 150% of direct labor $732,000 Inspection hours $40 per hour 7,450 hours Purchase orders $1,000 per order 800 orders Other data for the Plate Cutting Department are as follows: Beginning work in process Units started 750,000 Direct materials cost $6,000,000 Units, ending work in process (100% materials; 64% conversion) 50,000 1. Prepare a physical flow schedule. If an answer is zero, enter "U". Lacy, Inc. Physical flow schedule Units to account for: Total units to account for Units accounted for: Total units accounted for 2. Calculate equivalent units of production for: Equivalent Units a. Direct Materials b. Conversion Costs 3. Calculate unit costs for the following. a. Direct materials $ per unit per unit b. Conversion costs C. Total manufacturing $ per unit 4. Provide the following information: a. The total cost of units transferred out b. The journal entry for transferring costs from Plate Cutting to Welding c. The cost assigned to units in ending inventory