Otylia Manufacturing Company assembles its product in several departments, and uses the weighted average method of costing. It has two departments that process all units. During February, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of the process. Beginning work in process in the finishing department was 75% complete as to conversion Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows Cutting 20,000 Finishing 20,000 45,000 Beginning work-in-process units Units started this period Units transferred this period Ending work-in-process units Material costs added Direct manufacturing labor Manufacturing overhead 50,000 10,000 $42.000 $18,700 $21,500 $28,000 $40,000 $24,000 1. Approximating costs to two decimal places, what is the cost of ending inventory at the end of February in the Cutting department? A) $8,631 B) $12,200 C) $4,320 D) S14,400 2. Approximating costs to two decimal places, what is the cost of the goods transferred out during February in the cutting department? A) $60,000 B) S49,365 C) $85,000 D) $54,871 3. How many units of beginning work-in-process inventory are there in the Finishing department at the beginning of March? A) 25,000 B) 45,000 C) 10,000 D) 20,000 4. What is the value of conversion costs included in beginning work-in-process inventory in the Cutting department in March? A) $12,200 B) $4,500 C) S9,000 D) $3,200