Transferred-in costs, FIFO method. Refer to the information in Exercise 17-27. Suppose that Asaya uses the FIFO method instead of the weighted-average method in all of its depart- ments. The only changes to Exercise 17-27 under the FIFO method are that the total trans- ferred-in costs of beginning work in process on June 1 are $60,000 (instead of $75,000) and total transferred-in costs added during June are $130,800 (instead of $142,500). REQUIRED Do Exercise 17-27 using the FIFO method. Note that you first need to calculate the equiva- lent units of work done in the current period (for transferred-in costs, direct materials, and conversion costs) to complete beginning work in process, to start and complete new units, and to produce ending work in process.

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