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.

Work in process, beginning:

Units in process $900$

Percent complete with respect to materials $50\%$

Percent complete with respect to conversion $30\%$

Costs in the beginning inventory:

Materials cost $ $565$

Conversion cost $ $2,129$

Units started into production during the month $23,000$

Units completed and transferred out $23,000$

Costs added to production during the month:

Materials cost $ $55,416$

Conversion cost $ $612,001$

Work in process, ending:

Units in process $900$

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. Req a

Determine the equivalent units of production for materials and conversion costs.

Equivalent Units

of Production

Materials $23,090$selected answer correct

Conversion $23,270$selected answer correct. Req b

Determine the cost per equivalent unit for materials and conversion costs. $($Round your final answers to $2$ decimal places.$)$

Cost per

Equivalent Unit

Materials $$2\mathrm{.}51$selected answer incorrect

Conversion $$26\mathrm{.}30$selected answer correct. Req c Determine the cost of ending work in process inventory.

Cost of ending WIP. Req d

Determine the cost of units transferred out of the department during the month.

Cost of units transferred out.