Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 46,000 46,000 3,500 Add: Units in beginning work in process x Percentage complete: 7,000 X 0% direct materials 7,000 50% conversion Costs Add: Units in ending work in process X Percentage complete: 13,000 X 100% direct materials 13,000 X 35% conversion Costs Equivalent units of output 13,000 4,550 54,050 59,000 Costs: Work in process, December 1: Direct Material $49,000 Conversion Costs 10,500 Total work in process $59,500 Current costs: Direct Material $472,000 Conversion Costs 108,100 Total current costs $580,100 Required: 1. Calculate the unit cost for December, using the FIFO method. 6 X 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