4] 6-43 FIFO ost report tures wood trusses (wood frames used in the construction industry). The following information is for ge Method Alvis Construction Supply Company has a department that manufac the production of these trusses for the month of February: Work-in-Process Inventory, February 1 Direct materials: 100% complete Conversion: 20% complete Units started during February Units completed during February and transferred out Work-in-Process Inventory, February 29 Direct materials: 100% complete Conversion cost: 40% complete Costs incurred during February Direct materials Conversion 4,000 trusses $10,480 $15,258 18,000 trusses 17,000 trusses $ 59,040 $92,092 FIFO Required Using the v 1. a. Costs per equivalent unit. e method, calculate the following: b. Cost of goods completed and transferred out. c. Costs remaining in the Work-in-Process Inventory account. 2. Assume that you are the company's contu