Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Work in process, beginning:
Units in process		900
Percent complete with respect to materials		40	%
Percent complete with respect to conversion		20	%
Costs in the beginning inventory:
Materials cost	$	530
Conversion cost	$	2108
Units started into production during the month		16,000
Units completed and transferred out		16,000
Costs added to production during the month:
Materials cost	$	32,180
Conversion cost	$	416,512
Work in process, ending:
Units in process		900
Percent complete with respect to materials		50	%
Percent complete with respect to conversion		50	%

Required:

Using the FIFO method:

a. Determine the equivalent units of production for materials and conversion costs (Do not enter commas in answer for example 5,000 should be entered as 5000).

	Equivalent Units of Production
Materials
Conversion

b. Determine the cost per equivalent unit for materials and conversion costs (Round to 2 decimal places).

	Cost per Equivalent Unit
Materials
Conversion

c. Determine the cost of ending work in process inventory (Round to the nearest whole dollar and do not enter dollar signs or commas in answer for example $5,000 should be entered as 5000).

Cost of ending WIP

d. Determine the cost of units transferred out of the department during the month (Round to the nearest whole dollar and do not enter dollar signs or commas in answer for example $5,000 should be entered as 5000).

Cost of units transferred out