Exercise 4A-3 Assigning Costs to Units-FIFO Method [LO4-8 Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: Materials Conversion % 3,400 470 Cost of work in process inventory at the beginning of the period Equivalent units in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period $ 670 140 1,120 $1.50 0.80 540 A total of 26,100 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 2,900 units and ending work in process inventory consisted of 1,300 units Required 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of the units transferred to the next department 705 $ 112 $ 817