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Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of
Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company's processing departments: The cost of beginning inventory according to the company's costing system was $7,832 of which $4,870 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $179,218. The costs per equivalent unit for th: month were: Required: 1. Compute the total cost per equivalent unit for the month. 2. Compute the equivalent units of material and conversion in the ending inventory. 3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. 4. Compute the number of units started and completed during the month. 5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. 6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. Complete this question by entering your answers in the tabs below. Compute the total cost per equivalent unit for the month. (Round your answer to 2 decimal place ompute the equivalent units of material and conversion in the ending inventory. Compute the equivalent units of material and conversion that were required to complete the beginning inventory. Compute the number of units started and completed during the month. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.) Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month. (Round your intermediate calculations to 2 decimal places.)
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