Question: Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the companys processing departments: Units in beginning inventory 410 Units started into production 4,270 Units in ending inventory 290 Units transferred to the next department 4,390 Materials Conversion Percentage completion of beginning inventory 70% 30% Percentage completion of ending inventory 90% 30% The cost of beginning inventory according to the companys costing system was $7,809 of which $4,828 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $183,048. The costs per equivalent unit for the month were: Materials Conversion Cost per equivalent unit $18.00 $24.00 Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that w

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