FIFO Method, Valuation of Goods Transferred Out and Ending Work in process K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the first processing department, the following equivalent units schedule has been prepared: The cost of beginning work in process was direct materials, dollar40, 000; conversion coste, dollar30, 000 Determine the cost of ending work in process and the cost of goods transferred out. Prepare a physical flow schedule