Problem 20-6AA FIFO: Costs per equivalent unit; costs assigned to products LO C2, C4

[The following information applies to the questions displayed below.] During May, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 37,800 were in process in the production department at the beginning of May and 154,800 were started and completed in May. Mays beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of May, 51,600 additional units were in process in the production department and were 75% complete with respect to materials and 20% complete with respect to conversion. The production department had $487,080 of direct materials and $406,287 of conversion cost charged to it during May. Its beginning inventory included $74,375 of direct materials cost and $28,793 of conversion cost.

Problem 20-6A Part 1

1. Compute the number of units transferred to finished goods.

2-4. Using the FIFO method, assign Mays costs to the units transferred to finished goods and assign costs to its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)