Question: Saved Help Save & Ex Chech Exercise 5S-3 Assigning Costs to Units-FIFO Method [LO55-8] Data concerning a recent period's activity in the Assembly Department, the

Saved Help Save & Ex Chech Exercise 5S-3 Assigning Costs to Units-FIFO Method [LO55-8] Data concerning a recent period's activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below: Materials Conversion Cont of work in process inventory at the beginning of the period $ 3.000 5 730 Equivalent units in the ending work in process inventory 370 190 Equivalent units required to complete the beginning work in process inventory 640 1,170 cont per equivalent unit for the period $ 3.20 $ 0.70 A total of 26,600 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1,600 units and ending work in process inventory consisted of 1,000 units. Required: 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period. 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period. Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of the units transferred to the next department 1.184

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