TOY QUESTION 12 25 points Timmy's T.Shirts manufactures tie-dyed t shirts for college sporting events. Each batch of shirts is identical and the costs of a batch are determined using processing The following information is related to the production process for the month of February Number of Shirts Production of Costs Beginning work in process (25% complete) 20 000 $ 42 776 Current period production 85 000 1 60 024 Ending work in process (70% complete) 12 000 Timmy's T Shirts uses the FIFO method of computing equivalent units and assigning product costs. Production couts include both raw material and conversion costs, which are incurred uniformly in the production process Required () How many t-shirts were completed during February (s Marks) (b) of the t-shirts completed, how many were started and completed during the month (Marks) (9) How many equivalent finished units did the company complete in February (5 Marks) (a) What is the cost per equivalent unie? (Marks) (e) Calculate the cost of the ending work in process inventory and the cost of goods manufactured in February ( Marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac), BI V S Paragraph Arial 14px A 2I. Save Answers Save and Submit Click Save and Submit to save and submit. Click Save All Answers to see all answers