2. Use the following data to calculate cost to be accounted for and cost accounted for. This requires you to determine cost per equivalent unit for material and conversion (fill in all the blank spaces). Complete these tasks using the FIFO method.

FIFO Method WIP:01NovUnitsStartedintoProductionUnitsCompleted&TransferredOutWIP:30NovUnits6507,0006,5501,100Material30%45%Conversion50%20% WIP Units: 01 Nov Units Started into Production \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline \end{tabular} WIP Units: 30 Nov Total units WIP: 01 Nov Started \& Transferred Out WIP: 30 Nov Total Equivalent Units Produced Cost added to assemble Cost per equivalent units \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} WIP : Unit 30Nov WIP Cost 30 Nov Cost in beginning inventory \begin{tabular}{|r|r|r|} \hline$250,000 & $200,000 & $50,000 \\ \hline & & \\ \cline { 2 - 3 } & & \end{tabular} \begin{tabular}{|l|l|l|} \cline { 2 - 3 } \multicolumn{1}{c|}{} & & \\ \cline { 2 - 4 } \multicolumn{1}{c|}{$} & $ & $ \\ \hline$12,000 & $3,500 & $8,500 \\ \hline \end{tabular} Units started 5 completed Cost per equivalent units Cost Units started s completed