Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Units started and completed Add: Units in beginning work in process x Percentage complete: 4,000 x 0% direct materials 4,000 x 50% conversion Costs Add: Units in ending work in process x Direct Materials 40,000 Conversion Costs: 40,000 2,000 Percentage complete: 13,000 x 100% direct materials 13,000 13,000 x 35% conversion Costs 4,550 Equivalent units of output 53,000 46,550 Costs: Work in process, December 1:1 Direct Material Conversion Costs Total work in process $36,000 8,000 $44,000 Current costs: Direct Material Conversion Costs Total current costs Required: $530,000 186,200 $716,200