Process Costing- FIFO Assumptions A. Required: Complete the following sequence of steps for Department B 1. Compute physical flow and equivalent full units. finished units in both of its manufacturing operations. Production and cost data for the prior month for both Departments is provided below: no Department A Beginning of Month 24,000 100% End of Month 20,000 100% 2. Compute unit costs. Beginning units Percentage completion: Direct material Direct labor and overhead 75% 60% Beginning Costs S 188,000 3. Determine the ending work-in-process for Department B Inpuls for Month DepartmentA Units introduced Cost introduced: 60,000 Direct material Direct labor and overhead 315,000 261,000 4. Prepare the journal entry to transfer costs to Finished Good. Department B Beginning of Month End of Month Bcginning units 8,000 10,000 Percentage completion: Direct material Direct labor overhead 100% 25% 100% 3090 Beginning costs $92,000 Inputs for Month-Department B work-In-Process-Dept. B inished Goods Units introduced Beg. WIP 92,000 Beg. FIG N/A TI DM 83,200 DL&OH 214,200 ransferred to FG) Cost introduced: transferred from Dept.B Transferred-in Direct material Direct labor& overhead S 83.200 End. WIP S214,200 End FG