2. Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 900 Percent complete with respect to materials 40% 20% Percent complete with respect to conversion costs Costs in the beginning inventory: $ 530 $ 2,108 16,000 16,000 Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion costs $ 32,180 $ 416,512 900 50% 70% Required: Using the FIFO method: Equivalent Units of Production for Direct materials (Do not enter commas in Blackboard) Equivalent Units of Production for Conversion Costs (Do not enter commas in Blackboard) Cost per Equivalent Unit - Direct Materials (Round to 2 Decimal Places, and include in Blackboard answer) Cost per Equivalent Unit- Conversion Costs (Round to 2 Decimal Places, and include in Blackboard answer) Total value of Ending Work in Process (Round to nearest whole dollar) Total value of Units Transferred Out (Round to nearest whole dollar)