Chemical X is comprised of two liquids. Liquid Aand Liquid B The formula of Chemical X is 60% Liquid A, 40% Liquid B. 75% of the mixed liquid is added at the beginning of the process: 25% is added at the very end. This month, the liquid mix costs $42 per gallon. At the beginning of the month, there was 1.000 gallons in process, 75% through the process. The total costs in beginning WIP is $20,875 for materials and $20.975 for conversion costs. During the month, 10.000 gallons were started. Conversion costs were $343,000 for the month. Compute direct material costs (hint use DM EUP under FIFO). At the end of the month, there were 1.500 gallons in process, 70% through the process a. How many units were started AND completed? Completed? b. Using FIFO, calculate equivalent units produced C. Using your answer in b. what is the total material cost added this month? d. Using FIFO, calculate the cost per equivalent unit produced. 3 of 4 Name: Class time Using FIFO, what is the journal entry for the transferred to finished e goods? 1. Using FIFO, what are the unit costs? (hint: you should have 2 numbers) 8. Using WA, calculate equivalent units of production. h. Using WA, what is the cost per equivalent unit of production. i. Using WA, what is journal entry for transferred to finished goods? j. Using WA, what is the cost per unit