\begin{tabular}{|c|c|c|c|c|c|} \hline 2 & \multicolumn{5}{|c|}{ Carbata Company manufactures low-cost, basic tool kits in bulk. Below is the latest information for last month's production } \\ \hline \multicolumn{6}{|l|}{3} \\ \hline 4 & & Units & Materials Cost & Conversion Cost & \\ \hline 5 & Inventory on September 1 & 950 & $5,550 & $2,354 & \\ \hline 6 & % Complete & & 60% & 30% & \\ \hline 7 & Units Started & 3,150 & & & \\ \hline 8 & Costs Added in September & & $28,940 & $8,156 & \\ \hline 9 & Inventory on September 30 & 1,200 & & & \\ \hline 10 & \% Complete & & 80% & 60% & \\ \hline \multicolumn{6}{|l|}{11} \\ \hline 12 & Required: & & & & \\ \hline 13 & \multicolumn{5}{|c|}{ Use the information above to complete a Process Costing Production Report under the FIFO Assumption. } \\ \hline \multicolumn{6}{|l|}{14} \\ \hline 15 & Step 1: Account for all Units & & & & \\ \hline \multicolumn{6}{|c|}{16} \\ \hline 17 & & Units & & & \\ \hline 18 & Beginning Inventory & 950 & & & \\ \hline 19 & Units Started & 3,150 & & & \\ \hline 20 & Units to Account for & 4,100 & & & \\ \hline \multicolumn{6}{|l|}{21} \\ \hline 22 & Ending Inventory & 1,200 & & & \\ \hline 23 & Units Completed and Transferred & 2,900 & & & \\ \hline 24 & Units to Account for & 4,100 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & Materials & Conversion \\ \hline Beginning Inventory & 950 & 950 \\ \hline% Complete & 60% & 30% \\ \hline% to Complete & 40% & 70% \\ \hline Equivalent Units & 380 & 665 \\ \hline Units Completed and Transferred & 1,950 & 1,950 \\ \hline Beginning Inventory & 950 & 950 \\ \hline Units Started and Completed & 2,900 & \\ \hline% Complete & 100% & 100% \\ \hline Equivalent Units & 2,900 & \\ \hline Ending Inventory & 1,200 & 1,200 \\ \hline% Complete & 80% & 60% \\ \hline Equivalent Units & 960 & 720 \\ \hline Total Equivalent Units of Production & 4,240 (1) & 1,385 \\ \hline \end{tabular} Step 3: Compute the Cost per Equivalent Unit of Production \begin{tabular}{|l|l|l|} \hline & Materials & Conversion \\ \hline Beginning Inventory Cost & & \\ Costs Added & & \\ \hline Total Cost to Account for & & \\ \cline { 2 - 3 } & & \\ \hline Total Equivalent Units of Production & & \\ \hline Cost Per Equivalent Unit & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline 59 & & Materials & Conversion & Total \\ \hline 60 & Beginning Inventory Cost & & & \\ \hline 61 & Costs Added & & & \\ \hline 62 & Total Cost to Account for & & & \\ \hline \multicolumn{5}{|l|}{63} \\ \hline 64 & Cost of Beginning Inventory from Last Month & & & \\ \hline 65 & Cost of Beginning Inventory Completed in September & & & \\ \hline 66 & Cost of Units Started and Completed & & & \\ \hline 67 & Cost of Units in Ending Inventory & & & \\ \hline 68 & Total Cost to Account for & & & \\ \hline \end{tabular}