45,000 FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department: Direct Conversion Materials Costs Units started and completed 45,000 Units, beginning work in process: 18,000 x 0% 18,000 x 50% Units, ending work in process: 20,000 x 100% 20,000 20,000 x 25% 5,000 Equivalent units of 65,000 59,000 output Costs in beginning work in process were direct materials, $20,000; conversion costs, $80,000. Manufacturing costs incurred during April were direct materials, $195,000; conversion costs, $377,600. Required: 1. Prepare a physical flow schedule for April. 9,000 Dama Company Physical Flow Schedule Units to account for: Units, beginning work in process Units started 18,000 Total units to account for Units accounted for: Started and completed Units, beginning work in process Units, ending work in process 18,000 Total units accounted for Feedback 2. Compute the cost per equivalent unit for April. If required, round your answer to the nearest cent. $ 9.40 per equivalent unit 3. Determine the cost of ending work in process and the cost of goods transferred out. Cost of ending work in $ process Cost of goods transferred out Feedback 4. Prepare the journal entry that transfers the costs from Cutting to Sewing. Work in Process-Sewing Work in Process-Cutting /