Refer to the data in Problem 6-26. Assume that the FIFO method is used. Required: 1. Prepare

Question:

Refer to the data in Problem 6-26. Assume that the FIFO method is used.

Required:

1. Prepare a physical flow schedule.

2. Calculate equivalent units of production for direct materials and conversion costs.

3. Compute unit cost. Round to three decimal places.

4, Calculate the cost of goods transferred to Painting at the end of the month. Calculate the cost of ending inventory.

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