Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Units started and completed Add: Units in beginning work in process x Percentage complete: 5,000 x 0% direct materials 5,000 x 50% conversion Costs Add: Units in ending work in process x Direct Materials 41,000 Conversion Costs 41,000 2,500 Percentage complete: 13,000 x 100% direct materials 13,000 13,000 x 35% conversion Costs 4,550 Equivalent units of output 54,000 48,050 Costs: Work in process, December 1: Direct Material $25,000 Conversion Costs Total work in process Current costs: Direct Material Conversion Costs Total current costs Required: 1. Calculate the unit cost for December, using the FIFO method. per equivalent unit 7,500 $32,500 $324,000 96,100 $420,100 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Cost of goods transferred out $ x Cost of EWIP Cost to account for: BWIP Current (December) Total $ 87,100 32,500 420,100 452,600 3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost. 8 per equivalent unit