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 During May, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods Of these transferred units, 38,200 were in process in the production department at the beginning of May and 157,500 were started and completed in May Mays beginning inventory units were 75 complete with respect to materials and 25 complete with respect to conversion At the end of May, 52,000 additional units were in process in the production department and were 70 complete with respect to materials and 20 complete with respect to conversion The production 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 6A Part 1 1 Compute the number of units transferred to finished goods Problem 20 6A Part 2, 3 and 4 2 4 Using the FIFO method, assign Mays costs to the units transferred to finished goods and assign costs to its ending work in process inventory (Round Cost per EUP to 2 decimal places ) units Total units transferred Equivalent units of production (EUP) FIFO method EUP Conversion Units Materials EUP Materials Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs 0 EUP 0 Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) EUP 0 0 Total costs accounted for Beginning Inventory Cost Cost to complete units in beginning inventory Cost per EUP EUP Total cost Direct materials Conversion Total cost to complete beginning inventory Cost per EUP Cost of units started and completed EUP Total cost 0 00 $ Direct materials 0 00 $0 00 Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process 0 00 Cost per EUP Total cost EUP $0 00 $ $0 00 0 00 Direct materials Conversion 0 00 Total cost of ending work in process Total costs accounted for

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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.]

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.] During May, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 38,200 were in process in the production department at the beginning of May and 157,500 were started and completed in May. Mays beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of May, 52,000 additional units were in process in the production department and were 70% complete with respect to materials and 20% complete with respect to conversion. The production 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 20-6A Part 1

1. Compute the number of units transferred to finished goods.

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Problem 20-6A Part 2, 3 and 4

2-4. Using the FIFO method, assign Mays costs to the units transferred to finished goods and assign costs to its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.)

units Total units transferred Equivalent units of production (EUP)- FIFO method EUP- Conversion Units % Materials EUP-Materials % Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs 0 EUP 0 Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) EUP 0 0 Total costs accounted for: Beginning Inventory Cost Cost to complete units in beginning inventory Cost per EUP EUP Total cost Direct materials Conversion Total cost to complete beginning inventory Cost per EUP Cost of units started and completed EUP Total cost 0.00 $ Direct materials 0.00 $0.00 Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process 0.00 Cost per EUP Total cost EUP $0.00 $ $0.00 0.00 Direct materials Conversion 0.00 Total cost of ending work in process Total costs accounted for