Question Two (80 points) Wool Tailers is a manufacturer of wool cloth. The company is using weighted average method. The information for March is as follows: Physical units Direct Material Conversion Costs Beginning Work in Process 20,000 units $12,000 $5,200 Started Units 40,000 units Completed Units 50,000 units ? Ending Work in Process Total Cost added during $60,000 $34,000 Degree of completion for ending work in process: direct materials, 100%; conversion costs, 60%. Required: 1- Compute the physical units ( 20 marks) 2- Compute the equivalent units (10 marks ) 3- Compute the total cost to account for ( 20 marks 4- Compute the cost per equivalent units ( 20 marks ) 5- Assign the cost to completed units and ending work in process ( 10 marks )