Conversion Costs Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December Direct Materials Units started and completed 50,000 50,000 Add: Units in beginning work in process x Percentage complete: 5,000 * 0% direct materials 5,000 50% conversion Costs 2,500 Add: Units in ending work in process Percentage complete: 11,000 x 100% direct materials 11,000 11,000 35% conversion Costs 3,850 Equivalent units of output 61,000 56,350 Costs: Work in process, December 1: Direct Material $45,000 Conversion Costs 5,000 Total work in process $50,000 Current costs: $610,000 Direct Material Current costs: Direct Material Conversion Costs Total current costs $610,000 169,050 $779,050 Required: 1. Calculate the unit cost for December, using the FIFO method. per equivalent unit 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Cost of goods transferred out Cost of EWIP Cost to account for: BWIP Current (December) Total 3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost. per equivalent unit