Blending finished 128,000 barrels in June and transferred them to Packaging. At the end of June,...

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Blending finished 128,000 barrels in June and transferred them to Packaging. At the end of June, there were 12,600 barrels in work in process inventory. The units were 60 percent complete with respect to conversion costs. The Blending Department uses the FIFO method of process costing. Required: Calculate the following for June for the Blending Department using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) Equivalent units Cost per equivalent unit: Cost of units completed and transferred out Cost of the ending WIP inventory Transferred- Total Materials Conversion In Costs $ 10.00 $ 99,792 Blending finished 128,000 barrels in June and transferred them to Packaging. At the end of June, there were 12,600 barrels in work in process inventory. The units were 60 percent complete with respect to conversion costs. The Blending Department uses the FIFO method of process costing. Required: Calculate the following for June for the Blending Department using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) Equivalent units Cost per equivalent unit: Cost of units completed and transferred out Cost of the ending WIP inventory Transferred- Total Materials Conversion In Costs $ 10.00 $ 99,792

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Cost of units completed and transferred out 1280000 Cost of the ending WIP inventory 75600 To calcul... View the full answer