Required: Based on the information above, and using the FIFO method calculate: 1. No of equivalent units.

2, Cost per unit

3. Cost completed and transferred out and

4. Cost in the ending work-in-process inventory.

a. Belleek Co. produces three products X, Y, and Z from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Belleek's production policy follow. Units Sales Value at If Processed Further Product Produced Split Off Sales Value Additional Costs 6,000 $40,000 $80,000 $1,200 Y 3,000 15,000 40,000 3,000 Z 1,000 16,000 30,000 1,500 Required: Compute the amount of joint costs allocated to each product using the physical measure method. (7.5 marks) b. Slevin Corporation's Production Department has the following information for the month of September 2020: % Completed Costs $ Beginning work in process: 12,000 units Conversion Direct Materials 40 71,100 80 87,416 New Units Started: 56,000 units Conversion 176,400 224,000 Direct Materials Ending work in process: 4,000 units Conversion 50 Direct Materials 60