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Data concerning a recent period's activity in the Assembly Department the first processing department in a company that uses the FIFO method in its process

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Data concerning a recent period's activity in the Assembly Department the first processing department in a company that uses the FIFO method in its process costing, appear below. Cost of work in process inventory at the beginning of the period Equivalent units in the ending work in process inventory Equivalent units required to complete the beginning work in process inventory Cost per equivalent unit for the period Materials $ 3,300 390 630 $ 2.70 Conversion $ 560 220 1,150 $ 0.00 A total of 26.000 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1100 units and ending work in process inventory consisted of 1800 units Required: 1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period. 2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period Total 1 Cost of ending work in process inventory 2 Cost of the units transferred to the next department Materials Conversion $ 1.0535 1705 1.229

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