Refer to E3-14 for information regarding Mirada Company.

Required:

Complete all requirements for E3-14 using the FIFO method of process costing.

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Work in process, July 1 (100% complete for materials, 25% for conversion) 126,000 units $240,000 $394,000 Direct materials Conversion cost Number of units started 220,000 units July costs Direct materials $426,000 $484,000 Conversion cost Work in process, July 31 (100% complete for materials, 10% for conversion) 144,000 units