ANSWER ALL PARTS

Daosta Incorporated 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.

Work in process, beginning:

Units in process

Percent complete with respect to materials

Percent complete with respect to conversion

Costs in the beginning inventory:

Materials cost

Conversion cost

Units started into production during the month

Units completed and transferred out

Costs added to production during the month:

Materials cost

Conversion cost

$$15,624$ $$253,500$

Work in process, ending:

Units in process

Percent complete with respect to materials

$200$

Percent complete with respect to conversion

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.

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