QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly.

Required information Problem 20-6AA FIFO: Costs per equivalent unit; costs assigned to products LO C2, C4 The following information applies to the questions displayed below) QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly. Of these transferred units, 38,200 were in process in the Cutting department at the beginning of May and 157,500 were started and completed in May. May's Cutting department beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of May, 52000 additional units were in process in the Cutting department and were 70% complete with respect to materials and 20% complete with respect to conversion. The Cutting department had $512,694 of direct materials and $436,341 of conversion cost charged to it during May. Its beginning inventory included $74,775 of direct materials cost and $29,193 of conversion cost. Problem 20-6AA Part 2, 3 and 4 2-4. Using the FIFO method, assign May's costs to the units transferred out and assign costs to its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Equivalent units of production (EUP)- FIFO method Units % Materials EUP-Materials % Conversion EUP-Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs + Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Costs EUP Costs EUP EUP Cost per EUP Total cost FLIP Total costs accounted for: Beginning Inventory Cost: Cost to complete units in beginning inventory Direct materials Conversion Total cost to complete beginning inventory Cost of units started and completed Direct materials Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for Cost per EUP Total cost $ 0.00 $ 0.00 $ 0.00 0.00 EUP Cost per EUP $ 0.00 $ 0.00 Total cost $ 0.00 0.00