Problem 16-6AA (Algo) FIFO: Cost per equivalent unit; cost assigned to products

Problem 16-6AA (Algo) FIFO: Cost per equivalent unit; costs assigned to products LO C2 QualCo manufactures a single product in two departments: Cutting and Assembly. Information for the Cutting department for May follows. Direct Materials Percent Complete 60% Conversion Percent Complete 40% es Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 38,600 161,500 200, 100 52,400 60% 25% $ 75, 175 29,593 $ 104,768 Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for 573, 045 444,960 1,018, 005 $ 1,122,773 Dad. Required: 1-3. Using the FIFO method, assign May's costs to the units transferred out and assign costs to its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Equivalent units of production (EUP) Direct Materials Conversion Units % Added EUP % Added EUP Cost per equivalent unit of production Materials Conversion - Equivalent units of production Cost per equivalent unit of production Cost assignment Beginning work in process To complete beginning work in process Direct materials EUP Cost per EUP Total cost Conversion EUP Cost per EUP Total cost Started and completed Direct materials Conversion Cost per equivalent unit of production Materials Conversion - Equivalent units of production Cost per equivalent unit of production Cost assignment Beginning work in process To complete beginning work in process Direct materials 1 EUP Cost per EUP Total cost nces Conversion Started and completed EUP Cost per EUP Total cost Direct materials Conversion Completed and transferred out Ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total costs accounted for