two processing departments: Moulding Department and Finishing Department. In the Moulding Department, all direct materials are added at the beginning of the process. Direct labor and manufacturing overhead are added uniformly. Percentage of completion in the Moulding Department for conversion costs is 30 percent for beginning work in process and 60 percent for ending work in process. 1.Prepare the physical units from units to account for, units accounted for and equivalent units. 2.Calculates cost per equivalent units. 3.Calculates cost for completed and transferred out and ending work in process 4. Explain how equivalent units for transferred-in is calculated under the FIFO method. 5.State how cost per equivalent unit is calculated under the FIFO method

Costs Beginning work in process Units started into production Units started and completed Units completed and transferred out Ending work in process Units 2,700 73,125 68,850 ? 4,275 Beginning work in process: Direct materials costs Conversion costs Total costs of beginning work in process 113,490 94,419 207,909 Current period costs: Direct materials costs Conversion costs Total current period costs 280,800 261,333 542,133