Question 3: (8 marks) (B1, C3) Surf Products Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities: Beginning work in process inventory Units placed in production Units completed Ending work in process inventory 80 items, 50% complete 200 units 120 units 160 items, 75% complete Cost of beginning work in process Direct material costs, current Conversion costs, current $3,200 $2,000 $2,500 Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. Instructions: Prepare a production cost worksheet using the FIFO method. 65F