NOTE*** The following must be taken into consideration:

- You are dealing with units, not dollars.

- Note that the BWIP came from January 20% completed with respect to conversion costs, which means that we need 80% more conversion in February to finish them.

- Note that under FIFO, only current costs should be considered in the computation

- We need the following costs:

1- Cost of BWIP

2- Cost of Units Started and Completed

3- Cost of the EWIP

- Follow the format below:

Costs to be accounted for:

- Prior Cost (coming from January): .

- Current Cost (incurred in February): .

Total cost to be accounted for:

Costs accounted for:

- Cost of BWIP:

- Cost of Units Started and Completed:

- Cost of the EWIP:

Total cost accounted for: ..

Swasey Fabrication, Inc. of Tulsa, Oklahoma, manufactures frames for motorcycles. Each frame passes through three process departments: (1) Cutting, (2) Welding, and (3) Painting. In February 2018, the Cutting Department reported the following data: a) In cutting, all direct materials are added at the beginning of the production procesS b) Beginning Work in Process consisted of 40,000 units, 20% complete with respect to conversion costs. Costs in the Beginning Work in Process included direct materials for S500,000; direct labor for $300,000; and applied factory overhead for $156,000. c) Costs added to production during the month of February 2018 were direct materials for $2,565,000; direct labor for $3,471,150; overhead was assigned to production based on activity-based costing using the following information: Activit Inspection Maintenance Receiviin Activity Rate S150 per inspection hour5,000 inspection hours $750 per maintenance hour3,000 maintenance hours $300 per receiving order Activity Driver Usage 2,000 receiving orders d) At the end of the month, 122,000 units were finished and transferred out to the Welding Department, leaving 14,000 units in the ending Work in Process, completed up to 25%) Required: Prepare Swasey February production report using the FIFO method (please, show clearly all calculations; round unit costs to closest two decimals)