Problem 4. Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs 40,000 40,000 Units started and completed Add: Units in beginning work in process Percentage complete: 5,000 0% direct materials 5,000 50% conversion costs 2.500 Add: Units in ending work in process Percentage complete: 10,000 100% direct materials 10,000 35% conversion costs 10,000 3.500 46,000 Equivalent units of output Costs: 50,000 Work in process, December 1: Direct materials Conversion costs Total work in process 35,000 10,000 S 45,000 Current costs: Direct materials Conversion costs Total current costs $400,000 184,000 584.000 Required Calculate the unit cost for December, using the FIFO method Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for 1. 2