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HI, how to solve this question please during the process. Bio Quest uses the first-in, first-out (FIFO) method of process costing. The following information for
HI, how to solve this question please
during the process. Bio Quest uses the first-in, first-out (FIFO) method of process costing. The following information for July is available: (Click the icon to view the data.) (Click the icon to view total costs.) produce ending work in process. Requirement 1. Calculate the cost per equivalent unit for direct materials and conversion costs using the FIFO method. Enter the physical units first, and then calculate the equivalent units. (Round your answers to the nearest whole unit. Enter an amount in each input cell.) Requirement 2. Summarize total costs to account for, and assign total costs to units completed (and tran Begin by summarizing the total costs to account for. Divide by: Cost per equivalent unit for work done in current period (Round your answers to the nearest dollar.) \begin{tabular}{cccc} Total Production & DirectCosts & ConversionCosts \\ \hline \end{tabular} Completed and transferred out: Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Data Total costsStep by Step Solution
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