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Easy 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

Easy 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.
points
Work in process, beginning:
Units in process
Percent complete with respect to materials 1,400
Percent complete with respect to conversion 10%
Costs in the beginning inventory:
Materials cost
Conversion cost
Units started into production during the month
Units completed and transferred out
Costs added to production during the month:
Materials cost
Conversion cost
Work in process, ending:
Units in process
Percent complete with respect to materials 1,300
70%
Percent complete with respect to conversion ,70%
Required:
Using the FIFO method:
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs.
c. Determine the cost of ending work in process inventory.
d. Determine the cost of units transferred out of the department during the month.
Complete this question by entering your answers in the tabs below.
Req A and B
Req C and D
a. Determine the equivalent units of production for materials and conversion costs.
b. Determine the cost per equivalent unit for materials and conversion costs. (Round your answers to 2 decimal places.)
Req A and B Req C and D
c. Determine the cost of ending work in process inventory.
d. Determine the cost of units transferred out of the department during the month.
(Round "Cost per equivalent unit" to 2 decimal places. Round your final answer to the nearest whole number.)
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