Ocean Blue Corp. manufactures water bottles in two departments, Molding and Shaping Materials are introduced in the Molding Department. After assembly is completed, the materials are transferred to the Shaping Department. The following data refer to the Molding Department for March 2018 Percent Completed Materials Conversion 90% 20% Beginning WIP Started into Production Completed and Transferred ToShaping Ending WIP Units 3,000 4,000 5,000 2,000 80% 30% Beginning WIP Costs added during period Materials $2,760 $8,500 Conversion $2,250 $10,750 Required: 1. Determine the equivalent units for March for the Molding process 2. Compute the cost per equivalent unit for the above 3. Determine the cost of ending WIP and the total cost of goods transferred to the Shaping Department 4. Prepare a report to reconcile costs associated with ending WIP and goods transferred out to beginning WIP and costs added during March