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Please show how to answer as well. Thank you! Vacumatic, Inc. uses the FIFO method in its process costing system. The following data concern the

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Vacumatic, Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department, Assembly, for a recent month. Work-in-process, beginning: Units in process 700 Percent complete with respect to materials 50% Percent complete with respect to conversion Costs in the beginning inventory: Materials cost 10% 595 Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: $ 2,093 14,000 14,600 $ 21,465 Materials cost $440,618 Conversion cost Work-in-process, ending: Units in process 100 Percent complete with respect to materials Percent complete with respect to conversion 60% auring the month 14,000 Units completed and transferred out Costs added to production during the month: 14,600 Materials cost $ 21,465 $440,618 Conversion cost Work-in-process, ending: Units in process 100 Percent complete with respect to materials Percent complete with respect to conversion 60% 60% Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work-in-process inventory. d. Determine the cost of units transferred out of the department during the month

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