Name: Odd ID#. Al-Faqeer optics- is a Qatari manufacturing company- has production and assembly departments to produce medical glasses. The company uses the First-In, First-Out (FIFO) method in its process costing system. Each product requires two classifications of cost: (i) direct material and (ii) conversion costs. Assume that the direct materials are added at the End of the process in all cases all times. The conversion costs are added evenly (regularly) during the process. The following information relates to the production department for March 2021: Physical Units Direct Materials Conversion Costs 8,000 $122000 $108,000 Beginning work in process on 1 March (Conversion Cost Completion is 40%) Units started on March 20,000 Completed during the month and transferred out Ending work in process on 31 March 6,000 30% Total costs added during March 2018 $220,000 $61,800 Required: a. Prepare the process costing report and highlight the cost of units completed and transferred out and the cost of Ending WIP under FIFO method