Itzgood makes a variety of healthy snack foods. The following information for January relates to a trail mix. Materials are added at the beginning of processing; overhead is applied based on direct labor. The mix is transferred to a second department for packaging. Itzgood uses a FIFO process costing system.

Beginning inventory cost totaled \(\$ 53,580\). For January, compute the following:

a. Equivalent units of production for material and conversion.

b. Cost per equivalent unit by cost component.

c. Cost of mix transferred to the packaging department in January.

d. Cost of January's ending inventory.

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Beginning WIP Inventory (40% complete as to conversion).. Mix started in January Ending WIP Inventory (80% complete as to conversion) Material cost incurred in January. Conversion cost incurred in January 20,000 pounds 321,600 pounds 16,000 pounds $778,272 $277,536