Chapter 4 EXERCISE 4A-9 Equivalent Units; Equivalent Units of Production; Assigning Costs-FIFO Method L04-6, L04-7, L04-8 Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: 400 3,000 300 3,100 Units in beginning inventory Units started into production Units in ending inventory ....... Units transferred to the next department Conversion Materials 80% 70% 40% 60% Percentage completion of beginning inventory Percentage completion of ending inventory The cost of beginning inventory according to the company's costing system was $11,040 of which $8,120 was for materials and the remainder was for conversion cost. The costs added during the menth amounted $132,730. The costs per equivalent unit for the month were: Materials Conversion 5:25.40 $18.20 CGT-in unit Required 1 Conor the ti cost per equivalent unit for the moask. 2 Computers avstens nits of material and conversion in the ending inventory. 3 Compite the equivalent units of material and conversioa tha were required to complete the beginning investry. 4. Compute fee number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Cocte: Cost Reconciliation Report-FIFO