Daosta 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 400 Percent complete with respect to materials 50 % Percent complete with respect to conversion 30 % Costs in the beginning inventory: Materials cost $ 610 Conversion cost $ 2,156 Units started into production during the month 16,000 Units completed and transferred out 16,100 Costs added to production during the month: Materials cost $ 47,436 Conversion cost $ 439,552 Work in process, ending: Units in process 300 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. 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

Req b

Req c

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

Req b

Req c

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