(Cost assignment; FIFO) In November 2006, Monet Corporation computed its equivalent unit costs under FIFO process costing as follows:

Direct material $12.75 Packaging 1.50 Direct labor 6.42 Overhead 3.84 Direct material and packaging are added, respectively, at the start and end of processing.

Beginning inventory cost was $513,405 and consisted of

• $344,520 direct material cost for 27,000 EUP.

• $95,931 direct labor cost for 8,100 EUP.

• $72,954 overhead cost for 9,450 EUP.

Monet transferred a total of 185,000 units to finished goods during Novem¬ ber and had 6,000 units in ending inventory. The El units were 40 percent complete as to direct labor and 55 percent complete as to overhead.

a. What percentage complete were the beginning inventory units as to di¬ rect material? Packaging? Direct labor? Overhead?

b. What was the total cost of the completed beginning inventory units?

c. What was the cost of the units started and completed in November?

d. What was the cost of November’s ending inventory?

LO1.