Required:

1. Prepare a physical flow schedule for April.

2. Compute the cost per equivalent unit for April. If required, round your answer to the nearest cent

3. Determine the cost of ending work in process and the cost of goods transferred out.

Cost of ending work in process

Cost of goods transferred out

4. Prepare the journal entry that transfers the costs from Cutting to Sewing.

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes throug two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department