Question: Fhiry incorporated uses the FFFO method in its process costing system. The following data concern the operations of the compa cessing department for a recent

The following data concern the operations of the compa cessing department for

Fhiry incorporated uses the FFFO method in its process costing system. The following data concern the operations of the compa cessing department for a recent month. 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. b. Determine the cost per equivalent unit tor 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. a. Determine the equivalent units of production for materials and conversion costs. b. Detemine the cost per equivalent unit for materials and conversion costs. (Heaind your answeri to 2 decimat places.)

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