FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Materials Conversion Costs
Units started and completed 40,000 40,000
Units, beginning work in process:
10,000 × 0% — —
10,000 × 50% — 5,000
Units, ending work in process:
20,000 × 100% 20,000 —
20,000 × 25% — 5,000
Equivalent units of output 60,000 50,000

Costs in beginning work in process were direct materials, $20,000; conversion costs, $80,000. Manufacturing costs incurred during April were direct materials, $240,000; conversion costs, $320,000.

Required:
Prepare a physical flow schedule for April