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3 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
3 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 recent month Work in process, beginning: Units in process 800 Percent complete with respect to naterials conversion 03:2159 Costs in the beginning inventory: Materials cost 525 15.000 Units started into oroduction during the month Units completed and transferred out 15,000 production during the month: Materials cost Conversion cost 27,898 $394,740 ending: its in process see Percent complete with respect to materials Percent complete with respect to conversion 708 Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work In process Inventory d. Determine the cost of units transferred out of the department during the month. Complete this question by entering your answers in the tabs below
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