CRN 13811 Section 2 14. Peter's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2024. 1(Click the icon to view the production and cost data.) Read the requirements Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 45% complete for materials and 65% complete for conversion costs. This means that for the beginning inventory conversion costs were added during April. Requirement 1b. % of the materials and % of the On April 30, the Prepping Department ending Work-in-Process Inventory was 55% complete for materials and 60% complete for conversion costs. This means that for the ending inventory % of the materials and % of the conversion costs were added during April. Requirement 2. Use the information in the table and the information in Requirement 1 to compute the equivalent units of production for direct materials, and conversion costs for the Prepping Department. Peter's Frozen Pizzas Production Cost Report - Prepping Department (Partial) UNITS Units to account for: (1) (2) Total units to account for Units accounted for: (3) Month Ended April 30 (4) Transferred to Cooking Department (5) Total units accounted for 1: Data Table Equivalent Units Physical Units Direct Materials Conversion Costs Units to account for: Beginning work-in-process, March 31 Started in April Total units to account for Units accounted for: Completed and transferred out during April: From beginning work-in-process inventory Started and completed during April Ending work-in-process, April 30 Total units accounted for Prepping Department 23,000 50,000 73,000 23,000 25,000 25,000 73,000 2: Requirements 1. Calculate the following: % of the materials and a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 45% complete for materials and 65% complete for conversion costs. This means that for the beginning inventory. % of the conversion costs were added during April. b. On April 30, the Prepping Department ending Work-in-Process Inventory was 55% complete for materials and 60% % of the complete for conversion costs. This means that for the ending inventory % of the materials and conversion costs were added during April. in Requirement 1 to compute the equivalent units of production for Prepping Department Units to account for: Beginning work-in-process, March 31 Started in April 23,000 50,000 73,000 Total units to account for Units accounted for: Completed and transferred out during April: From beginning work-in-process inventory 23,000 Started and completed during April 25,000 Ending work-in-process, April 30 25,000 73,000 Total units accounted for