AFO Method, Valuation of Goods Transferred out and Ending Work In Process K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: Conversion Direct Materials Costs 28,000 28,000 Units started and completed Units, beginning work in process: 10,000 x 0% 10,000 X 40% 4,000 Units, ending work in process 6,000 X 100% 6,000 6,000 X 75% 4,500 Equivalent units of output 34,000 36,500 The cost per equivalent unit for the period was as follows: Direct materials $2.00 Conversion costs 6.00 Total $8.00 The cost of beginning work in process was direct materials, $40,000; conversion costs, $30,000. Required 1. Determine the cost of ending work in process The cost of beginning work in process was direct materials, 540,000; conversion costs, $30,000. Required: 1. Determine the cost of ending work in process Determine the cost of goods transferred out 2. Prepare a physical flow schedule K-Briggs Company Physical Flow Schedule Units to account for Started and completed Units completed Units started Units, ending work in process Total units accounted for