Question 2) (70 points) Soft Woolens is a manufacturer of wool cloth. The company is using first in first out method. The information for March is as follows: Direct Conversion Physical units Material Costs Beginning Work in Process * 25,000 units $120,000 $68,000 Started Units 75,000 units Completed Units 80,000 units Ending Work in Process ** 20,000 units Total Cost added during period $378,000 $329,700 * Degree of completion for beginning work in process: direct materials, 80%; conversion costs, 70%. ** Degree of completion for ending work in process: direct materials, 60%; conversion costs, 80%. Required: 1. Compute the physical units (10 marks) 2- Compute the equivalent units (20 marks) 3- Compute the total cost to account for (10 marks) 4. Compute the cost per equivalent units (10 marks) 5- Assign the cost to completed units and ending work in process (20 marks)

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