QUESTION 14 Pyt is a manufacturer of wool cloth. The information for March is as follows: Beginning work in process 10,000 units Units started 20,000 units Units completed 25,000 units Beginning work-in-process direct materials Beginning work-in-process conversion Direct materials added during month Direct manufacturing labor during month Factory overhead $6,000 $ 2,600 $30,000 $12,000 $ 5,000 Beginning work in process was 50% complete for conversion cost and 100% complete for DM. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete for Conversion cost and 100% complete for DM. Required: a. Prepare a production cost worksheet using the FIFO method. b. Prepare a production cost worksheet using WAM