Exercise 5S-3 Assigning Costs to Units-FIFO Method [LO5S-8] Dato 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: Coon Coat of work in process inventory the beginning of the period $ 3.000 5730 Equivalent in the ending work in process inventory 370 Tquivalent unite required to complete the beginning work in procene Liventory 1.170 cort pur equivalent it for the period 2.30 0.70 100 600 A total of 26,600 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 1,600 units and ending work in process inventory consisted or 1000 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 Conversion Total 1. Cost of ending work in process inventory 2. Cost of the units transferred to the next department