Unit information for XYZ pty ltd: Work in process units in process March 1 8,000 units Units in process March 31 12,000 units Units started during the month 50,000 units Costs in beginning WIP: Beginning Dm work in process $32,000 Beginning Direct Labour costs $24,000 Beginning Overhead $16,000 Costs added to WIP during the month: Materials added $212, 500 Direct labour added $162, 500 Overhead applied to WIP $100,000 Beginning finished goods inventory $108,000 12,000 units $9.00 each Ending finished goods inventory $115,000 14,000 units Other information: Direct materials are added at the beginning of the process and units in production are 70% complete as to conversion costs. What is the number of units transferred out to finished goods during the month?(Suggestion: prepare a flow of units schedule) What are the equivalent units for the month? What are the costs per equivalent units(rounded to nearest cent)? What are the DM &conversion costs, and total cost of WIP? What is the cost of units transferred out and added to finished good inventory? Using FIFO, what are the costs of goods sold and ending finished goods inventory? Clear and well labelled worksheets with calculations enable partial marks to be awarded for your answers