Question: This question have part b, c, d also which i will post in chat Daosta Inc. uses the FIFO method in its process costing system.
This question have part b, c, d also which i will post in chat

Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 500 Percent complete with respect to materials 60% Percent complete with respect to conversion 10% Costs in the beginning inventory: Materials cost $ 510 Conversion cost $ 2, 096 Units started into production during the month 12, 000 Units completed and transferred out 12, 000 Costs added to production during the month: Materials cost $ 20, 485 Conversion cost $309, 960 Work in process, ending: Units in process 500 Percent complete with respect to materials 70% Percent complete with respect to conversion 70% Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. Complete this question by entering your answers in the tabs below. Req a Req b Req c Req d Determine the equivalent units of production for materials and conversion costs. Equivalent Units of Production Materials Conversion Req b >
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