its conversion costs evenly throughout the process. One unit is one gallon of paint.

$($a$)$

Complete Steps $1-5$ of the template for the canning department of Nash Paints this year using the FIFO method of process costing, clearly labeling the following. $($Round cost per equivalent unit answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

$-$ Equivalent units of production for all three cost categories: transferred$-$in$,$ DM$,$ and conversion costs.

$-$ The cost per equivalent unit for all three cost categories: transferred$-$in$,$ DM$,$ and conversion costs.

$-$ The total cost of units completed and the total cost of units in ending WIP Inventory.