Timmy's T-Shirts Production Report February, 2015 Summary of actual units in process Materials Conversion beginnin Units started In process Completed units Ending Inventor 20,000 85,000 105,000 93,000 12,000 10096 90% 100% 70% Costs to be accounted for: Beginning WIP Current costs Total costs in process Divide by EQU Cost per EQU Accounting for the costs: Transferred out 93,000 units El- actual units 12,000 units Total costs accounted for Materials Conversion 42,766 160,024 S202,790 $22,766 $90,000 $20,000 $70,024 Materials Conversion $202,790 Timmy's T-Shirts manufactures tie-dyed t-shirts for college sporting events. Each batch of shirts is identical, and the costs per unit are determined by process costing. The beginning inventory for February was 20,000 shirts and another 85,000 shirts were started in process. By the end of the month 93,000 shirts had been completed and 12,000 shirts were in ending inventory. These shirts were considered90% complete for materials and 70% complete for conversion costs. Timmy's T-Shirts uses the WA method of computing equivalent units and assigning product costs Using the information given above and also that found in the production report, complete the production report for February. Round your unit costs to 3 decimal places. You are to fill in the boxes colored green and the grey boxes are not completed