Question: Dita Company uses a process costing system. The following information relates to one month's activity in the company's Curing Department: Beginning work in process

Dita Company uses a process costing system. The following information relates to

Dita Company uses a process costing system. The following information relates to one month's activity in the company's Curing Department: Beginning work in process inventory Units started Units completed and transferred out Ending work in process inventory Units 10,000 21,000 26,000 5,000 Conversion Percentage Complete 20% 80% The conversion cost of the beginning inventory was $6,500. During the month, $112,000 in additional conversion cost was incurred. Required: (Round to 3 decimals) Assume that the company uses the FIFO method. Compute the following: 1. The equivalent units of production for conversion for the month. (4 marks) 2. The cost per equivalent unit for conversion for the month. (2 marks) 3. The total cost transferred out during the month. (2 marks) 4. The cost assigned to the ending work-in-process inventory. (2 marks)

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