Question: Easy 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

Easy 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: Units started into production during the month 26,000 Units completed and transferred out 25,500 Costs added to production during the month: Materials cost $79,732 Conversion cost $887,626 Work in process, ending: Units in process 800 Stage of completion with respect to materials 50% Stage of completion with respect to conversion 40% Required: Prepare a production report for the department using the FIFO method: Include the following: 2. Quantity schedule that shows total units accounted for and equivalent units (material, conversion). b. Total costs to be accounted for: cost per equivalent unit for material, conversion and total. There will be bonus marks to complete the dollar reconciliation either as part of section b and c or separately. c. Costs accounted for: cost of units transferred out and work-inprocess
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