The Welding Department of Majestic Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Majestic uses the FIFO method to compute equivalent units. Manufacturing Costs Beginning work in process $61,776 Costs transferred in 259.200 Materials 109,440 Labor 67,392 Overhead 131,328 Production Data Beginning work in process 28,800 units, 10% complete Units transferred out 103,680 Units transferred in 122,880 Ending work in process 48,000 units, 20% complete Prepare a production cost report for the Welding Department for the month of February. Transferred-in costs are considered materials costs (Round unit costs to 2 decimal places, eg, 2.25 and other answers to decimal places, eg. 125.) Physical Units Conversion Costs Materials Quantities Units to be accounted for Work in process February 1 Started into production Total units Units accounted for Completed and transferred out Work in process, February 1 Started and completed Total Work in process February 28 Total units Conversion Costs Total Materials $ $ $ Costs Unit costs Costs in February Equivalent units $ $ $ Unit costs Costs to be accounted for Work in process, February 1 Started into production Total costs $ Cost Reconciliation Schedule Costs accounted for Transferred out $ $ Work in process. February 1 Costs to complete beginning work in process Conversion costs Total costs Units started and completed Total costs transferred out Work in process, February 28 Materials Conversion costs $ Total costs $