Score Name Section Problem (10 points). Maryland Company manufactures room air conditioners. The company uses a process cost system to accumulate production costs and allocate them to finished goods and work in process inventory or the month of August of the current year, the company started with 1,500 units in work in process inventory and started on 3,500 additional units during the month. At the end of August, there were 600 units that remained uncompleted. During the month of August, the company incurred direct materials cost of $364,000 and direct labor cost of$ 136,000. Manufacturing overhead is applied to production at a predetermined rte of 80% of direct materials cost. The beginning work in process inventory contained direct materials cost of S86,000 and conversion costs of $102,000. The production preces rabhhe mamubicutne The production process involves adding materials at various stages during the manufacturing process. Conversion costs are added uniformly during the production process. The beginning work in process inventory was 75% cornplete as to direct materials and 60% complete as to conversion costs. The ending work in process was 60% complete as to direct materials and 45% complete as to conversion costs. The company uses a FIFO cost flow assumption in assigning costs to production and preparing its internal management reports. REQUIRED: Prepare a cost of production report for Maryland Company for the month of August using the attached schedules. Round your computations for costs per equivalent unit to five decimal places. Round all other dollar amounts to the nearest whole dollar