During May, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 37,500 were in process in the production department at the beginning of May and 150,000 were started and completed in May. Mays beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of May, 51,250 additional units were in process in the production department and were 60% complete with respect to materials and 20% complete with respect to conversion. The production department had $505,035 of direct materials and $396,568 of conversion cost charged to it during May. Its beginning inventory included $74,075 of direct materials cost and $28,493 of conversion cost.

2-4. Using the FiFo method, assign Mays costs to the units transferred to finished goods and assign costs to its ending work in process inventory. Round "Cost per EUP" to 2 decimal places uivalent units of production (EUP)- FlFo method EUP. Units Materials EUP- Mate Total units Materials ost per equivalent unit of production Conversion Cost of ending work in process Total costs costs Costs EUP 0 EUP Equivalent units of production 0 0 Cost per equivalent unit of production (rounded to 2 decimals) otal costs accounted for: Beginning Inventory Cost: ELP Cost per Total cost Cost to complete units in beginning inventory Direct materials Conversion Total cost to complete beginning inventory EUP Cost per Total cost Cost of units started and completed Direct materials 0.00 S 000 Conversion 0.00 000 Total cost of units started and completed Totalcost of units transferred out EUP Cost per Total cost Costs of ending work in process Direct materials 0.00 S 000 000 0.00 Conversion Total cost of ending work in process Total costs accounted for