mul Mchine hours were Cutting 1.680 and 7. Transferred good & Transferred goodscos sferred goods costing 567,600 from the Cutting Department to the Assembly Department sferred goods costing $134,900 from Assembly to Finished Goods. Sold goods costing $150,000 for $200,000 on account Instructions sumalize the transactions. (Omit explanations.) 53.5 (LO 3, 4), AP In Sh. HO 3, 4), AP In Shady Company, materials are entered at the beginning of each process. Work in s inventories, with the percentage of work done on conversion costs, and production data for its ring Department in selected months during 2020 are as follows. Beginning Work in Process Conversion Units Cost% Month January March Units Transferred Out 11.000 12,000 14,000 10,000 Ending Work in Process Conversion Units Cost% 2,000 3.000 7,000 1,500 May July Instructions a. Compute the physical units for January and May. b. Compute the equivalent units of production for (1) materials and (2) conversion costs for each month