Question: 1 Question 4 - Assignment #3 Week 8&9 (Chapter.. o OntarioLearn 121. Assignment #3 Week 889 (Chapter 6) - W23-Co. Assignment #3 Week 8&9 (Chapter



1 Question 4 - Assignment #3 Week 8&9 (Chapter.. o OntarioLearn 121. Assignment #3 Week 889 (Chapter 6) - W23-Co. Assignment #3 Week 8&9 (Chapter 6) i Saved Help Save & Exit Submit 4 Check my work Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 12 points Work in process, beginning: Units in process 1, 550 Percent complete with respect to materials 01:29:33 90% Percent complete with respect to conversion 10% Costs in the beginning inventory: Materials cost $ 1,934 Conversion cost 1, 526 Units started into production during the month 24, 900 Units completed and transferred out . 25, 000 Costs added to production during the month: Materials cost $ 71, 971 Conversion cost $543, 598 Work in process, ending: Units in process 1, 450 Percent complete with respect to materials 70% Percent complete with respect to conversion 70% Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. Complete this question by entering your answers in the tabs below. Req A and B Req C and D a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. (Round your answers to 2 decimal places.)
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