Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 44,000 44,000 Add: Units in beginning work in process Percentage complete: 7,000 0% direct materials 7,000 > 50% conversion Costs 3,500 Add: Units in ending work in process Percentage complete: 14,000 x 100% direct materials 14,000 14,000 x 35% conversion Costs 4,900 Equivalent units of output 58,000 52,400 Costs: Work in process, December 1: Direct Material $91,000 Conversion Costs 17,500 Total work in process $108,500 Current costs: Direct Material $812,000 Conversion Costs 314,400 Total current costs $1,126,400 1. Calculate the unit cost for December, using the FIFO method. per equivalent unit 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 Cost of EWIP Cost to account for: BWIP Current (December) Total 3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost. per equivalent unit