Question: Easy 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

 Easy Inc. uses the FIFO method in its process costing system.The following data concern the operations of the company's first processing departmentfor a recent month. 900 Work in process, beginning: Unita in process

Easy 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. 900 Work in process, beginning: Unita in process 1,600 Percent complete with respect to materials Percent complete with respect to conversion 100 Costs in the beginning inventory: Materials cost $ 1.942 Conversion cost $ 1.534 Units started into production during the month 25,000 Units completed and transferred out 25, 100 Costs added to production during the month: Materials coat $ 72,021 Conversion cost $543,648 Work in process, ending! Units in process 1,500 Percent complete with respect to materials Percent complete with respect to conversion 708 700 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 Reg C and B and D a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. (Round your answers to 2 decimal places.) Show less Materials Conversion Equivalent units of production b. Cost per equivalent unit REGA Reg C and D > Complete this question by entering your answers in the tabs below. Reg A and B Reg C and D c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. (Round your intermediate calculation to 2 decimal places. Round your final answers to the nearest whole number.) Show less c. Cost of ending work Cost of units transferred dlout

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