1 Darver Inc. uses the FIFO method in its processing wstem. The following data concern them of the computer 2 1 Work in process, beginning Units in process 100 Percent to complete with respect to materials BOX 0 Percent to complete with respect to conversion costs GAN y Costs in beginning work in process 3 Materials cost $376 Conversion costs $2,376 Units started in production during the month 21,000 Units completed and transferred out 20,400 Costs added to production during the month: Materials cost $93,645 Conversion costs $825,531 Work in process, ending: 700 Units in process 70% Percent to complete with respect to materials 50% Percent to complete with respect to conversion costs Formulas Equivalent units of production - EU to complete beg. WIP inventory Units started and completed during the period + EU in ending WIP inventory *EU to complete beginning WIP inventory - Units in beg. WIP X (100%-% completion of beg. WIP) Cost per equivalent unit - Costs added during the period/EU of production quired: Part 1: Calculate the number of units started and completed males 221 TO Units started and completed 32 33 Part 2: Calcuate the equivalent units of production for materials and conversion is marks 34 Materials Conversion 36 37 38 39 Equivalent units of production 40 41 Part 3: Calculate the cost per equivalent unit materials and conversion costs rounded to 2 decimal places (1 marks) 42 Materials Conversion 44 45 46 47 48 Cost per equivalent unit 49 Dutcalculate the costs to complete the units in beginning inventory (2 marks) Part 4: Calculate the costs to complete the units in try much Materials Comunion Total Costs to complete beginning work in process Part 5: Calculate the total costs of the units completed and transferred to the next process (4 marks) Materials Conversion Total Total costs of units completed and transferred