Question 4: Process Costing: FIFO Easy Incorporated uses the first-in, first-out method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 800 90% 10% $ 1,814 $ 1,406 Work in process, beginning Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory. Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending Units in process Percent complete with respect to materials Percent complete with respect to conversion 23.400 23.500 $ 71.221 $ 542,848 700 70% 70% Required: Using the first-in, first-out method: a. Determine the equivalent units of production for materials and conversion costs. (6 marks) b. Determine the cost per equivalent unit for materials and conversion costs. Round your answers to 2 decimal places. (3 marks) c. Determine the material, conversion and total cost of ending work in process inventory. Round your final answers to the nearest whole number. (3 marks) d. Determine the material, conversion and total cost to complete the units in beginning WIP. Round your final answers to the nearest whole number