Refer to Problem 17-55.
In problem

Required:
1. Using the FIFO method, prepare the following for Department A:
(a) A physical flow schedule,
(b) An equivalent unit calculation,
(c) Calculation of unit costs (Note: Round to two decimal places),
(d) Cost of EWIP and cost of goods transferred out,
(e) A cost reconciliation.
2. Prepare journal entries that show the flow of manufacturing costs for Department A. Use a conversion cost control account for conversion costs. Many firms are now combining direct labor and overhead costs into one category. They are not tracking direct labor separately. Offer some reasons for this practice.

DepartmentA Department B Direct materials Conversion costs 4 Current production 2 Units transferred out 4 2 8 Conversion costs $95,220 ercen