Bloomberg blackboard morehouse.edu x Wook Twe - Principles of Accounting User Portal https:igers1867-my.sharepoint.com Create Teadlasice Station 80% complete and 65% conversion cost complete with respect to the 8.000 units in work in process at May 1. Additional 20,000 units were started during the month of May. During May 18,000 units were completed and transferred to the next department. The material costs were 40% complete and 70% conversion costs complete with respect to the ending work in process at May 31. An analysis of the costs relating to work in process at May 1 and to production activity for May follows: Materiais Work in process 5/1 Costs added during May $25,000 80,000 Conversion $8.000 40.000 Required Assuming Belt Company uses FIFO process costing system Compute the equivalent units of production for materials and conversion costs, using FIFO process conting system Compute the cost per unit for materials and conversion costs 6 Compute the cost of goods completed and transferred to the next department Compute the cost of work in process ending inventory 90 dy 4) 73 FVO $ A & 7 * o 4 5 6 0