The information in the table below relates to one of the Company's shoe models (Squid Ink) in the Company's first month of operations (January 2015). Use this information to answer parts (iv) and (v). Period: Squid Ink Shoe Model - Manufacturing Costs Physical units Direct Conversion Notes materials cost cost $10.000 $4,500 1 - 31 January 500 units started: 400 2015 units completed and transferred out of the 400 units completed and transferred out. 300 Work in Progress (physical) units at the end of January was 100% complete with respect to direct materials and 50% complete with respect to conversion units were sold in January 2015 (iv) What is the manufacturing cost of each unit of Squid Ink that was completed and transferred out during the month of January 2015? [2 marks] (v) What is the total manufacturing cost of Squid Ink that was expensed during the month of January 2015? [2 marks]