Problem 8-63 (Algo) Solving for Unknowns: FIFO Method (LO 8-4, 5) For each of the following independent cases, use FIFO costing to determine the information requested Required a in the beginning inventory 5.200 units were 40 percent complete with respect to materials During the period, 45.000 units were transferred out Ending inventory consisted of 7,200 units that were 60 percent complete with respect t were started and completed during the period materials How many units b. At the start of the period, 4,200 units were in the work-in-process inventory: 3300 units were in the ending inventory During the period, 9300 units were transfered out to the next department Materials and conversion costs are added eventy toughout the production process FIFO costing is used. How many units were started during this penod? Beginning inventory amounted to 1200 units This period 4.000 units were started and completed At the end of the penid, the 2,000 unts in inventory were 30 percent complete. Using FIFO costing, the equivalent production for the pesod was 4,000 units What was the percentage of completion of the beginning inventory? d. The ending inventory included $100 800 for conversion costs. During the period, 43.400 equivalent units were reared to complete the beginning invertory and 65,000 unts were started and completed. The ending inventory represented 1.000 equivalent f work this period FIFO costing a used what were the total conversion costs incurred this period? Complete this question by antering your answers in the tabs below. In the Segning inventory, 5,200 units were 40 percent complete with respect to materials During the pers, 45,000 units were transferred out. Ending mentory consistat of 7,200 units that were 60 percent complete with respect to materials How many units were started and opted during the period Owrs my we