Show me the steps to solve The processing department at Kingbird Corporation evaluated the costs associated with manufacturing paper towels for the past Show the T$-$account for Kingbird's WIP Inventory reflecting all of the appropriate costs above. Assuming Kingbird uses the FIFO method of process costing, complete Step $4$ to determine its cost per equivalent unit for both

DM and conversion costs. $($Round cost per equivalent unit answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Are beginning WIP Inventory costs included in these calculations?

The beginning WIP Inventory costs

included in the cost per equivalent unit calculations.

month. Beginning and newly added costs for May are as follows.