Exercise 4A-9 Equivalent Units; Applying Costs-FIFO Method [LO4-6, LO4-7, LO4-8]

Jarvene Corporation uses the FlFO method in its proces costing system. The following data are for the most recent month of operations in one of the company's processing departments 440 Units in beginning inventory 4,270 Units started into production 310 Units in ending inventory Units transferred to the next department 4,400 Materials Conversion Percentage completion of beginning 30% 70% inventory 80% 40% Percentage completion of ending inventory The cost of beginning inventory according to the company's costing system was $7,839, of which $4,806 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,136. The costs per equivalent unit for the month were: Materials Conversion $23.00 $18.00 Cost per equivalent unit