P3-2B (Only problems ending in "A" are in your book: "B" prob are only below) Steiner Corporation manufactures water skis through two processes: Melding and Packaging. In the Melding Department, fiberglass is heated and shaped into the form of a ski. In the Packaging Department, the skis are placed in cartons and sent to the finished goods warehouse. Materials are entered at the beginning of both processes. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Melding Department for January 2017 are presented below Production Data January Beginning work in process units -0- Units started into production 50,000 Ending work in process units 2,500 Percent complete - ending inventory 40% Cost Data Materials Labor Overhead January $510.000 92,500 150.000 $752.500 Total Instructions (a) Compute the physical units of production. (b) Determine the equivalent units of production for materials and conversion costs. (c) Compute the unit costs of production. (d) Determine the costs to be assigned to the units transferred out and in process. le) Prepare a production cost report for the Melding Department for the month of January