V. The Welding Department of Nagano Manufacturing Company has the following production and manufacturing cost data for August 2021. All materials are added at the beginning of the process (e.g 100% complete as the DM) Production Data Beginning work in process Manufacturing Costs Beginning work in process Materials $ 18,000 Conversion costs 14,175 Materials Labor Overhead $ 32,175 180,000 35,100 69,965 Units transferred out Units started Ending work in process 15,000 units 1/10 complete 49,000 60,000 26,000 1/5 complete NAGANO MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended August 31 QUANTITIES Physical Units Equivalent Units Materials Conversion Costs ? ? Units to be accounted for Work-in-process, Aug 1 (100% materials, 10% conversion costs) Started into production Total units Units accounted for Transferred out Work-in-process, Aug 31 (100 % materials, 20% conversion costs) Total units ? ? ? ? ? ? ? ? COSTS Units costs Materials Total Conversion Costs $119,240 Cost in August $198,000 $317,240 Equivalent units ? ? Unit costs ? ? $ ? + Cost to be accounted for Work-in-process, August 1 Started into production Total costs $ 32,175 285,065 317,240 $ ? Cost Reconciliation Table Cost accounted for Transferred out Work-in-process, August 31 Materials Conversion costs ? ? -11 Total costs Instructions: 1. Compute the physical flow of units 2. Compute the equivalent units of production for materials and conversion costs for the month of September 3. Compute the unit costs for materials and conversion costs for the month 4. Determine the costs to be assigned to the units transferred out and in process. Note: Substitute all your answers to the Production Cost Report/Form above