Process Excellence (PE), Inc. has two production departments: Mixing and Packaging.

	Physical Units	Materials	Conversion
Beginning work-in-process inventory	1,000 units (40% complete)	$8,500	$7,552
Units started in July	5,000 units
Ending work-in-process inventory	400 units (30% complete)
Costs added in July		60,500	130,872

Required:

1. Determine the number of units completed and transferred to the Packaging Department in July.

2. Compute the equivalent units using the FIFO method.

3. Compute the cost per equivalent unit using the FIFO method.

4. Compute the costs of goods transferred out and the ending work-in-process inventory using the FIFO method.