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: 5,000 x 0% direct materials 5,000 x 50% conversion Costs Add: Units in ending work in process x Direct Materials 50,000 Conversion Costs 50,000 2,500 Percentage complete: 12,000 x 100% direct materials 12,000 12,000 x 35% conversion Costs 4,200 Equivalent units of output 62,000 56,700 Costs: Work in process, December 1: Direct Material Conversion Costs Total work in process Current costs: Direct Material Conversion Costs Total current costs Required: 1. Calculate the unit cost for December, using the FIFO method. $35,000 15,000 $50,000 $496,000 113,400 $609,400