5 Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 1/350 905 108 work in process, beginning Units in process Percent complete with respect to materials Percent complete with respect to conversion Coats in the beginning inventory Materials cast Conversion coat Units started into production during the month Units completed and transferred out Conte added to production during the months Materiale con Conversion cout Work in procen, ending Units in process Percent complete with respect to materials Dercent complete with respect to conversion Tences $1.902 $ 1.94 24,500 26.600 5.71,771 554,390 1250 103 700 Required: Using the FIFO method: 3. Determine the equivalent units of production for materials and conversion costs b. Determine the cost per equivalent unit for materials and conversion costs Determine the cost of ending work in process inventory d. Determine the cost of units transferred out of the department during the month 5 Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 1/350 905 108 work in process, beginning Units in process Percent complete with respect to materials Percent complete with respect to conversion Coats in the beginning inventory Materials cast Conversion coat Units started into production during the month Units completed and transferred out Conte added to production during the months Materiale con Conversion cout Work in procen, ending Units in process Percent complete with respect to materials Dercent complete with respect to conversion Tences $1.902 $ 1.94 24,500 26.600 5.71,771 554,390 1250 103 700 Required: Using the FIFO method: 3. Determine the equivalent units of production for materials and conversion costs b. Determine the cost per equivalent unit for materials and conversion costs Determine the cost of ending work in process inventory d. Determine the cost of units transferred out of the department during the month