FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department Direct Materials Costs Units started and completed 45,000 45,000 Units, beginning work in process: 12,000 x 0% 12,000 x 50% 6,000 Units, ending work in process 20,000 x 100% 20,000 20,000 x 25% Equivalent units of output Costs in beginning work in process were direct materials, $20,000; conversion costs, $80,000. Manufacturing costs incurred during April were direct materials, $260,000; conversion costs, $358,400. Required 1. Prepare a physical flow schedule for April. 5,000 65,000 56,000 Dama Company Physical Flow Schedule Units to account for: Units, beginning work in process Units started Total units to account for Units accounted for Total units accounted for