The following data pertain to a production center of Navajo Company, a manufacturer of garbage bins. NAVAJO COMPANY DATA FOR PRODUCTION FOR MONTH OF AUGUST Work in Process Inventory, August 1: (80% complete as to materials and 30% as to conversion costs) Number of Units Direct Materials Cost Direct Labor Cost Manufacturing Overhead Applied ($7 per machine hour) $ 5,000 8,200 3,400 2,100 $ $ Units Started in August 14,500 $ Costs Incurred in August: Direct Materials Cost Direct Labor Cost Manufacturing Overhead Applied (7,000 machine hours incurred) 23,500 41,200 $ ? The ending inventory consisted of 4,000 units which were 70% complete as to materials and 40% complete as to conversion costs. REQUIRED: Using the attached forms, prepare the schedules listed below that are required to prepare the Cost of Production Report for Navajo Company, using the FIFO method. Round all costs per equivalent unit to four decimal places and all other dollar amounts to the nearest whole dollar. (1) Schedule of Physical and Equivalent Units. (2) Unit Cost Analysis Schedule. (3) Cost Summary Schedule. (1) NAVAJO COMPANY SCHEDULE OF PHYSICAL AND EQUIVALENT UNITS FOR MONTH OF AUGUST Equivalent Units Physical Direct Conversion Units Materials Costs Units To Account For: Beginning WIP Inventory Units Started During Period Total Units To Account For Units Accounted For: Units Completed During Period: From Beginning WIP Inventory Units Started and Completed During Period Total Units Completed During Period Units in Ending WIP Inventory Total Units Accounted For (2) Total Costs NAVAJO COMPANY UNIT COST ANALYSIS SCHEDULE FOR MONTH OF AUGUST Direct Conversion Materials Costs Costs To Account For: Costs From Beginning WIP Inventory Current Period Costs Total Costs To Account For Divided By Equivalent Units Cost Per Equivalent Unit (3) NAVAJO COMPANY COST SUMMARY SCHEDULE FOR MONTH OF AUGUST Direct Materials Costs Accounted For: Costs From Beginning WIP Inventory Conversion Costs Total Costs To Complete Beginning WIP Inventory: Direct Materials Conversion Costs Units Started and Completed During Period: Direct Materials Conversion Costs Total Cost of Units Completed and Transferred to Finished Goods Ending Work in Process Inventory: Direct Materials Conversion Costs Total Cost of Ending Work in Process Total Costs Accounted For