Calculate Equivalent Units, Unit Costs, and Transferred Costs-FIFO Method Godfrey Manufacturing, Inc., operates a plant that produces its own regionally marketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending Department, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Godfrey uses the FIFO method. The following data from the Work in Process-Blending Department account for January 2016 is missing a few items: Work in Process - Blending Department January 1 inventory (5,000 gallons, 60% processed) $53,700 Transferred to Bottling Department (60,000 gallons) January charges: Direct material (61,000 gallons) 457,500 Direct labor 428,400 Manufacturing overhead 183,600 January 31 Inventory gallons, 70% processed) Assuming Godfrey uses the FIFO method in process costing, calculate the following amounts for the Blending Department: a. Number of units in the January 31 inventory. b. Equivalent units for materials and conversion costs. c. January cost per equivalent unit for materials and conversion costs. d. Cost of the units transferred to the Bottling Department. e. Cost of the incomplete units in the January 31 inventory Round average cost per equivalent unit to two decimal places, if applicable. Round other answers to the nearest whole number, when appropriate. Godfrey Manufacturing Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016 Equivalent Units % in Direct 96 in Conversion January Materials January Costs Complete/Transferred Beginning Inventory 5.000 60% 0 09 0 Started and completed 0 09 0 09 0 Ending Inventory 0 09 0 0 % 0 Total 0 Ob. O b. a. Conversion Costs 5 0 0 0 $ s 0 OC $ 0 Product Cost Report Direct Materials Beginning Inventory s S 0 5 0 Current 0 457.500 Total Costs to Account For $ 0 5 0 - Total Equivalent Units OC. Average cost / Equivalent unit (round two two decimal places) $ 0 Beginning inventory Costs incurred in Dec. $ 0 Costs incurred in Jan. 0 Started and finished 0 Cost of goods manufactured S O d. d. Ending inventory Direct Materials $ 0 Conversion costs 0 Cost of Ending Inventory $ 0 e . Total Costs Allocated s 0