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table [ [ ( 1 0 0 % complete for materials, 6 0 % for, ] , [ conversion ) , 7 6 ,

\table[[(100% complete for materials, 60% for,],[conversion),76,000 units],[Direct materials,$6,000
Required 2- beginning inventory, physical units, direct materials, and conversion
Started and completed physical units,
required three cost per equivalent unit for direct materials in conversion ndirect materials and conversion
1
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Using the FIFO method, calculate the cost per equivalent unit.
Note: Round cost per Equivalent Unit to 5 decimal places.
\table[[,Direct Materials,Conversion],[Cost per Equivalent Unit,,]]
I
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Using the FIFO method, reconcile the total cost of work in process.
Note: Use Cost per Equivalent Unit rounded to 5 decimal places and your final answers to the nearest
\table[[,\table[[Prior Period],[Costs]],Current Period Costs,Total Cost,],[,,,],[Beginning Inventory,,,,,],[Started and Completed,,,,,],[Ending Inventory,,,,,],[Total Cost Accounted for,$,0,0,0,]]

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