2.

Holling Inc. uses the weighted average method in its process costing. The following data concern the company's Mixing Department for the month of December. Materials Conversion $ 7,930 $ 8,928 Work in process, December 1 Cost added to production in the Mixing Department during December Equivalent units of production for December $ 226,300 9,700 $ 284,032 9,200 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Daosta 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. 800 40% 20% S $ Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 560 2,126 22,000 22,000 $ 51,888 $ 582,688 800 50% 50% 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 Reqb Reqc Req d Determine the equivalent units of production for materials and conversion costs. Equivalent Units of Production Materials Conversion Complete this question by entering your answers in the tabs below. Req a Reqb Reqc Req d Determine the cost per equivalent unit for materials and conversion costs. (Round your final answers to 2 decimal places.) Cost per Equivalent Unit Materials Conversion Complete this question by entering your answers in the tabs below. Reqa Reqb Reqc Req d Determine the cost of ending work in process inventory. Cost of ending WIP Complete this question by entering your answers in the tabs below. Req a Reqb Reqc Req d Determine the cost of units transferred out of the department during the month. Cost of units transferred out