The New York Division of MVP Sports Equipment Company manufactures baseball
	gloves. Two production departments are used in sequence: the Cutting Department
	and the Stitching Department. In the Cutting Department, direct material, consisting
	of imitation leather is placed into production at the beginning of the process. Direct
	labor and manufacturing overhead costs are incurred uniformly throughout the
	process. The material is rolled to make it softer, and is then cut into the pieces
	needed to produce baseball gloves. The predetermined overhead rate is 150% of
	direct labor costs. MPV uses weighted average costing.
	We have the following data about production in the Cutting Department:
	Goods-in-Process, January 1, 2020				10,000 units
		Direct Material-100% Complete				$40,000.00
		Conversion (Labor & Overhead)- 50% Complete				120,000
		Total cost of Goods in Process, January 1, 2020				$160,000.00
	Units added in January 2020:				70,000 units
	Costs added in January 2020:
		Direct Material				$320,000
			Direct Labor			723,840
		Factory Overhead				1,028,160
		Total costs added in January 2020				$2,072,000
	Units in Goods-in-Process, January 31, 2020:				22,000 units
		Direct Material-100% Complete
		Conversion Costs-20% Complete
	a.	Analyze the flow of units:
	b.	Compute equivalent units.
	c.	Compute the per unit costs: (Direct Material, Conversion, and Total)
	d.	The value of Goods-in-Process in the Cutting Department on 1/31/2020 is:
	e.	The value of Goods-in-Process transferred to the Stiching Department is: