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may need to round two decimal places for 1,5,6 Jarvene Corporation uses the FIFO method in its process costing system. The following data are for

may need to round two decimal places for 1,5,6
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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 the company's processing departments: Units in beginning inventory Units started into production Units in ending inventory Units transferred to the next department 360 4,288 270 4,370 Percentage completion of beginning inventory Percentage completion of ending inventory Materials Conversion 709 309 489 704 The cost of beginning inventory according to the company's costing system was $7,850 of which $4,881 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178,036. The costs per equivalent unit for the month were: Cost per equivalent unit Materials Conversion $18.00 $23.00 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. Total cost per equivalent unit Materials Conversion Equivalent units Materials Conversion Equivalent units Number of units started and completed Materials Conversion Total Cost of ending work in process inventory (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Total cost of units transferred out

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