Question 4 (14 marks) Otylia Manufacturing Company assembles its product in two departments (Assembling department and Finishing department). Direct materials are added only at the beginning of the process in the Assembling department. Additional information about the Finishing department for February 2021 follows: Beginning work-in-process units Degree of completion of beginning work in process Transferred in during February Units completed and transferred out during February Ending work-in-process units Degree of completion of ending work in process Total costs added during February Physical Transferred-in Conversion Units cost cost 4,000 $7,000 $10,000 100% 40% 16,000 18,000 2,000 100% 30% $19,000 $50,000 Otylia Manufacturing Company uses FIFO costing method. Required (a) Compute the equivalent units of work done in February for transferred-in cost and conversion cost respectively at the Finishing Department. (4 marks) (b) Compute the equivalent cost per unit in February for transferred-in cost and conversion cost respectively. (Round to the nearest 4 decimal places.) (4 marks) (c) Compute the total costs to account for and assign those costs to units completed and transferred out and to units in ending work in process respectively. (6 marks)