Founded in 1891. Acme Brick Company has a proud history of quality brickmaking. The company is now a subsidiary of Berkshire Hathaway. Inc. the conglomerate led by the legendary Warren E. Buffett. The Acme's plant located in Castle Rock, CO provided you with the following Information for its process costing system for the month of July in the finishing department, the second of a multiple departments manutacturing plant Materials are added at the end of the process in finishing. Beginning inventory was 20% complete for conversion cost. Ending inventory was 70% complete for conversion costs BI - WIP Units Materials $0 Beginning inventory 200,000 Conversion $80,000 Transferred in from prior dept. 200,000 Prior department $100.000 Ending inventory 50,000 Costs added this month: Materials: $450,000 Conversion: $575,000: Prior department: $725,000, Required: 1) Calculate the cost of the units transferred out during July and the ending inventory at July 31 using the FIFO method. Round equivalent-unit costs to four decimal points. Edit View Insert Format Tools Table 12pt Paragraph BIVA 2 TV > EVE