rent Attempt in Progress 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 Beginning work in process Production Data Costs transferred in Materials Labor Overhead $48,906 Beginning work in process 22,800 units, 10% complete 205,200 Units transferred out 82,080 86,640 Units transferred in 97,280 53,352 Ending work in process 38,000 units, 20% complete 103,968 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 0 decimal places, e.g. 125.) Quantities Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Completed and transferred out Work in process, February 1 Started and completed Total Work in process, February 28 Total units MAJESTIC MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2020 Physical Units Materials Equivalent Units Conversion Costs