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Please assist with tables 14A to 16A. I can't get past 13A and my book doesn't really explain what the FIFO method is. I can

Please assist with tables 14A to 16A. I can't get past 13A and my book doesn't really explain what the FIFO method is. I can list these as separate questions if needed.

Striker company uses the FIFO method in its process costing system. The Finishing Department started the month with 900 units in process that were 10% complete, received 1,500 units from the AssemblyDepartment, and transferred 1,600 units to the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 20% complete with respect to conversion costs. The department incurred the followingcosts: view thecosts.) Read the 13A. How many units are still in process at the end of themonth? Determine theformula, then enter the amounts to calculate units in process at the end of the month.
Beginning balance + Transferred in - Transferred out = In process units
900 + 1500 - 1600 =800
14A. Compute the equivalent units of production for the Finishing Department for the current month.
Madison Company
Production Cost Report - Finishing Department
Equivalent Units
Whole Transferred Direct Conversion
UNITS Units In Materials Costs
Units to account for:
Beginning work-in-process 900 ? ? ? ?
Started and completed 1500 ? ? ?
Total units to account for 2400
Units accounted for:
Completed and transferred out 900 0 0 1500
Ending work-in-process 800 800 800 180
Transferred to Finished Goods 1700 800 800 ?
Ending work-in-process 800 800 800
Total units accounted for 2500 1600 ? ?
15A. Determine the cost per equivalent unit for the current period for transferredin, directmaterials, and conversion costs. (Enter cost per equivalent units to the nearest cent. Abbreviationsused: EUP= Equivalent Units ofProduction; WIP= Work inProcess.)
Madison Company
Production Cost Report - Finishing Department
Transferred Direct Conversion Total Cost
COSTS In Materials Costs Costs per Unit
Costs to account for:
Beginning work-in-process 900 ? ? ? ?
Costs added during the period
900 ? ? ? ?
Total costs to account for 1800
Divided by: EUP this period
Cost per equivalent unit
16A. Determine the cost to be transferred to Finished Goods Inventory. (Complete all answer boxes. Enter a"0" for any zero balances. Abbreviationsused: WIP= Work inProcess.)
Madison Company
Production Cost Report - Finishing Department (partial)
Transferred Direct Conversion Total
COSTS In Materials Costs Costs
Costs accounted for:
Beginning work-in-process 11880 1980 1450
Costs to complete beginning WIP 0 0
Total costs for beginning WIP 11880 1980
Started and completed 23760
Transferred to finished goods 47520

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