Please answer the following:

The mixing department of Cerise Ltd., a producer of fabric for Broadway Shows, has the following information regarding costs and output for March: Units: Costs: Opening workin-process inventory: 0 units Direct materials: $684,700 Started and completed: 125,000 units Direct labour: $42,000 Started and still in process at March 31: 42,000 units Factory overhead: $279, 200 Direct materials: 100% complete Conversion costs: 50% complete The company uses the FIFO method of process costing. Required: 1. Prepare a quantity schedule showing the computation of the equivalent units of production for March. The company is interested in learning if there will be a difference between the WACM and FIFO approaches for data for March. (Round cost per equivalent unit to 2 decimal places.) Physical Units Equivalent Units Processed Direct Materials Conversation Cost To account for | Accounted for (EU = DOC*Physical units) (EU = DOC*Physical units) DOC EU DOC EU Beginning work in process % % Poduction activity in the period: Beginning work in process % Started into production Started and completed % Completed units Ending work in process % Total volume processed WACM WACM Less EU from beginning of period Production volume in EU for the period FIFO FIFO Cost in work process, beginning Costs added in the period Total costs to account for EU produced in March Cost per EU2. Calculate the cost of 125,000 units transferred out in March. (Round your answer to 2 decimal places.) Transferred out in March 3. Calculate the cost of ending inventory in March. (Do not round intermediate calculations.) Ending inventory in March