Bijan Company uses FIFO to account for the costs of production. For the first pro- cessing department, the following equivalent-unit schedule has been prepared: LO3 

Conversion Materials Cost Units started and completed 45,000 45,000 Units in beginning work in process X Fraction to complete: 8,000 x 0% — — 8,000 x 40% = 3,200 Units in ending work in process x Fraction complete:

16,000 x 100% 16,000 — 16,000 x 75% — 12,000 Equivalent units of output 61,000 60,200 The cost per equivalent unit for the period was as follows:

Materials $1.00 Conversion cost Das)

Total $3.50 The cost of beginning work in process was materials, $10,000; conversion costs, $18,000.
Required:
1. Determine the cost of ending work in process and the cost of goods transferred out.
2. If possible, prepare a physical flow schedule.