Problem 4A-69 Dana Inc. uses the FIFO method in its ...

Dana Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Work in process beginning:
Units in process	400
Percent complete with respect to materials	50	%
Percent complete with respect to conversion	30	%
Costs in the beginning inventory:
Materials cost	$610
Conversion cost	$2,156
Units started into production during the month	16,000
Units completed and transferred out	16,100
Costs added to production during the month:
Materials cost	$47,436
Conversion cost	$439,552
Work in process,ending:
Units in process	300
Percent complete with respect to materials	60	%
Percent complete with respect to conversion	60	%

Required:

Using the FIFO method:

a.	Determine the equivalent units of production for materials and conversion costs.

	Equivalent Units of Production
Materials
Conversion

b.	Determine the cost per equivalent unit for materials and conversion costs. (Do not round intermediate calculations and final answers to 2 decimal places.)

	Cost per Equivalent Unit
Materials	$
Conversion	$

c.	Determine the cost of ending work in process inventory. (Do not round intermediate calculations. Omit the "$" sign in your response.)

Cost of ending WIP

$

d.	Determine the cost of units transferred out of the department during the month. (Do not round intermediate calculations. Omit the "$" sign in your response.)

Cost of units transferred out

$