24.

During May, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 37,600 were in process in the production department at the beginning of May and 152,800 were started and completed in May. Mays beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of May, 51,450 additional units were in process in the production department and were 60% complete with respect to materials and 20% complete with respect to conversion. The production department had $516,646 of direct materials and $371,300 of conversion cost charged to it during May. Its beginning inventory included $74,175 of direct materials cost and $28,593 of conversion cost.

1. Compute the number of units transferred to finished goods.

2-4. Using the FIFO method, assign Mays costs to the units transferred to finished goods and assign costs to its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)

Total units transferred units Equivalent units of production (EUP)- FIFO method EUP Conversion Units % Materials EUP-Materials % Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) EUP EUP Total costs accounted for: Beginning Inventory Cost Cost to complete units in beginning inventory Cost per EUP EUP Total cost Direct materials Conversion Total cost to complete beginning inventory Cost per EUP Cost of units started and completed EUP Total cost Direct materials Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process Cost per EUP EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted for