Question 5 (20 points) Alexander Ltd. manufactures a single product and uses First-in First-out (FIFO) method in i process costing system. The company's product goes through two departments prior completion, the Assembly Department and the Finishing Department. During November, th firm's Assembly Department started production of 75,000 units. During the month, the firl completed 80,000 units, and transferred them to the Finishing Department. The firm ended th month with 10,000 units in ending work-in-process inventory. All direct materials costs a added at the beginning of the production cycle and conversion costs are added uniforml throughout the production process. Beginning work in process was 30% complete as conversion costs, while ending work in process was 80% complete as to conversion costs. Beginning inventory: Direct materials $20,500 Conversion costs $38,500 Manufacturing costs added during the accounting period: Direct materials $168,000 Conversion costs $278,000 Prodnction cost ronort Required: 1. Please fill out the production cost report above. (12 pts) 2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of November? (3 pts) 3. What is the cost of the goods transferred out during November? (5 pts) Question 5 (20 points) Alexander Ltd. manufactures a single product and uses First-in First-out (FIFO) method in i process costing system. The company's product goes through two departments prior completion, the Assembly Department and the Finishing Department. During November, th firm's Assembly Department started production of 75,000 units. During the month, the firl completed 80,000 units, and transferred them to the Finishing Department. The firm ended th month with 10,000 units in ending work-in-process inventory. All direct materials costs a added at the beginning of the production cycle and conversion costs are added uniforml throughout the production process. Beginning work in process was 30% complete as conversion costs, while ending work in process was 80% complete as to conversion costs. Beginning inventory: Direct materials $20,500 Conversion costs $38,500 Manufacturing costs added during the accounting period: Direct materials $168,000 Conversion costs $278,000 Prodnction cost ronort Required: 1. Please fill out the production cost report above. (12 pts) 2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of November? (3 pts) 3. What is the cost of the goods transferred out during November? (5 pts)