Fordman company has a product that passes through two processes: grinding and polishing. during december, the grinding department transferred 20,000 units to the polishing department. the cost of the units transferred into the second department was $40,000. direct materials are added uniformly in the second process. units are measured the same way in both departments. the second department (polishing) had the following physical flow schedule for december: units to account for: units, beginning work in process4,000 (40% complete) units started? total units to account for? units accounted for: units, ending work in process8,000 (50% complete) units completed? units accounted for? costs in beginning work in process for the polishing department were direct materials, $5,000; conversion costs, $6,000; and transferred in, $8,000. costs added during the month: direct materials, $32,000; conversion costs, $50,000; and transferred in, $40,000.assume the company uses the fifo method. required: a. prepare a schedule of equivalent units. enter percentages as whole numbers. i-fordman company ii-schedule of equivalent units iii-for the month of december b. compute the unit cost for the month of december. round intermediate calculations and your final answer to the nearest cent. $ per equivalent unit