Question 4 of 4 > Your answer is partially correct. 5.26/20 The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units. Manufacturing Costs Production Data Beginning work in process $52,767 Beginning work in process 24,600 units, 10% complete Costs transferred in 221,400 Units transferred out 88,560 Materials 93,480 Units transferred in 104,960 Labor 57,564 Ending work in process 41,000 units, 20% complete Overhead 112,176 Prepare a production cost report for the Welding Department for the month of February. Transferred-in costs are considered materials costs. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to O decimal places, e.g. 125.)