5) Vacumatic, Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department - Assembly - for a recent month. 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 Materials 700 50% 10% $595 $2,093 14,000 14,600 Materials $21,465 $440,618 Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. 100 60% 60% Conversion Costs b. Determine the cost per equivalent unit for materials and conversion costs. Conversion Costs

5) Vacumatic, Inc. uses the FIFO method in its process costing system. The following data concern the oberations of the company's first processing department - Assembly - for a recent month. Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs b. Determine the cost per equivalent unit for materials and conversion costs. Materials Conversion Costs