Cost Information and FIFO month of December Conversion Costs Units 43,000 43,000 Add: Units in beginning work in process x Percentage complete: 5,000 096 direct materials 5,000 50% conversion costs 2,500 Add: Units in ending work in process x Percentage complete: 11,000 x 100% direct materials 11,000 x 35% conversion costs 11,000 3,850 49,350 Equivalent units of output 54,000 Costs: Work in process, December 1: Direct Material Conversion Costs Total work in process $25,000 5,000 $30,000 Current costs: Direct Material Conversion Costs $324,000 296,100 :59 PM A93/4/2019 Ei assign Total work in process $30,000 Current costs: Direct Material Conversion Costs Total current costs $324,000 296,100 $620,100 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) 200 P