Daosta Incorporated 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 500 Percent complete with respect to materials 50% Percent complete with respect to conversion 30% Costs in the beginning inventory: Materials cost $ 580 Conversion cost $ 2,138 Units started into production during the month 10,000 Units completed and transferred out 10,400 Costs added to production during the month: Materials cost $ 26,546 Conversion cost $ 274,246 Work in process, ending: Units in process 100 Percent complete with respect to materials 60% Percent complete with respect to conversion 60% Required: Using the FI