Shelby Woods owns and operates an ice cream factory, the finest of its kind in all the world. Given that pints of ice cream are meant to be identical (for the same flavor), her company uses process costing for its production process. Ms. Woods has the following information regarding ice cream production for January: Units Materials Conversion Work in Process, January 1 60,000 80% 55% Work in Process, January 31 80,000 50% 25% Ms. Woods's beginning work in process inventories for ice cream production included of $50,000 of materials and $40,000 of conversion costs. Over the course of the month, Ms. Woods started 350,000 pints of ice cream into production and spent $320,000 on materials and $135,000 on conversion costs. For each of the Weighted-Average and FIFO methods, please determine: a. How many pints of ice cream were completed and transferred out in January? b. d. What are the equivalent units of production in January? What are the costs per equivalent unit for Ms. Woods in January? What are the total costs in ending work-in-process (EWIP) and costs transferred out, respectively, for January?