Calculate Equivalent Units, Unit Costs, and Transferred Costs - FIFO Method

FIFO Meth L06, 7 P17-7A. Calculate Equivalent Units, Unit Costs, and Transferred Costs LO6 the and direct la- Compounding Department, direct materials are added at the beginning of the process, and bor and manufacturing overhead are incurred evenly throughout the process. Arrow uio method. August 2016 costs in the Compounding Department can be summarized as follows Inventory, August 1 (2,000 units, 40% complete) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . processes a food seasoning powder through its Compounding and Packagi uses the FIFO 33,050 62,560 Manufacturing overhead $176340 At August 31, 3,000 units were in process, 30% complete with respect to conversion costs. Required Calculate the following for the Compounding Department: a. Equivalent units during August. b. Costs per equivalent unit. c. Total cost of units transferred to finished goods inventory. d. Inventory cost at August 31