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: 7,000 x 0% direct materials 7,000 x 50% conversion Costs Add: Units in ending work in process x Direct Materials 43,000 Conversion Costs 43,000 3,500 Percentage complete: 13,000 x 100% direct materials 13,000 13,000 x 35% conversion Costs 4,550 Equivalent units of output 56,000 51,050 Costs: Work in process, December 1:1 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. 17 per equivalent unit $91,000 7,000 $98,000 $784,000 153,150 $937,150