The mixing department of Cerise Ltd, a producer of fabric for Broadway Shows, has the following information regarding costs and output for March Units Opening work in process Inventory units Started and completedi 160.000 units Started and still in process at March 311 53,000 units Direct materials 100% complete Conversion costs: 5 complete Direct materials $749,500 Direct Labour: 549.000 Factory overhead: $230,750 The company uses the FIFO method of process costing Required: 1. Prepare a quantity schedule showing the computation of the equivalent units of production for March. The company is interested in learning if there will be a difference between the WACM and FIFO approaches for data for March (Round cost per equivalent unit to 2 decimal places.) Sad Help Save & Exit Sut Anne % % % Beginning work in process Poduction activity in the period Beginning work in process Started into production Started and completed Completed units Ending work in process Total volume processed Loss Efrom beginning of period Production volume in EU for the period 0 O WACM 0 WACM FIFO 0 FIFO 0 Cost in work process, beginning Conts added in the period Total costs to account for EU produced in March Cost per EU $ $ Sood 2. Calculate the cost of 160,000 units transferred out in March 3. Calculate the cost of ending inventory in March (Do not round intermediate calculations.) Ending inventory in March