FIFO Method Direct Material Conversion Costs Beginning WIP Started Units Dollars Direct Material Conversion Costs 450 50,000 36,000 14,000 550 80,000 40,000 40,000 1,000 130,000 76,000 54,000 % Completed 450 0% 40% 350 100% 100% 200 100% 50% 1,000 A1 Beginning WIP Started and completed B1 A2 B2 C2 CI Ending WIP Per Unit D E Assigned Costs Beginning WIP A18D+A2%E Added to Beginning WIP Transfer from Beg WIP Started and Completed Total Transferred Out Ending WIP B1*D+B2%E C1*0+0245