Dana Inc. uses the FIFO method in its process costing system. The following data concern the operations of the companys first processing department for a recent month. Work in process beginning: Units in process 600 Percent complete with respect to materials 50 % Percent complete with respect to conversion 30 % Costs in the beginning inventory: Materials cost $550 Conversion cost $2,120 Units started into production during the month 20,000 Units completed and transferred out 20,000 Costs added to production during the month: Materials cost $45,135 Conversion cost $524,680 Work in process,ending: Units in process 600 Percent complete with respect to materials 60 % Percent complete with respect to conversion 60 %

Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs

. Equivalent Units of Production Materials(?) Conversion(?)

b. Determine the cost per equivalent unit for materials and conversion costs. (Do not round intermediate calculations and final answers to 2 decimal places.) Cost per Equivalent Unit Materials $ Conversion $

c. Determine the cost of ending work in process inventory. (Do not round intermediate calculations. Omit the "$" sign in your response.) Cost of ending WIP $

d. Determine the cost of units transferred out of the department during the month. (Do not round intermediate calculations. Omit the "$" sign in your response.) Cost of units transferred out $