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urgent help needed Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing
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Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month Work in process, Beginning Stage of completion for materials Stage of completion for conversion 300 60% 80% Cost in the beginning inventory Material cost Conversion cost $ $ 594 8,256 Units Started into production during the month Units completed and transferred out 26,000 25,500 $ 79,732 $ 887,626 Costs added to production during the month: Material cost Conversion cost Work in process, ending: Stage of completion material Stage of completion conversion 800 50% 40% What is the equivalent units of production for Direct material, Enter the numbers only with no commas, dollar signs, or decimals. What is the cost per equivalent unit for conversion costs? Enter your answer with no rounding. Enter the dollar and decimal and cents. For example: 46.78 do not enter dollar signs Conversion COSE > 387,620 Work in process, ending: Stage of completion material Stage of completion conversion 800 50% 40% What is the equivalent units of production for Direct material, Enter the numbers only with no commas, dollar signs, or decimals. What is the cost per equivalent unit for conversion costs? Enter your answer with no rounding. Enter the dollar and decimal and cents. For example: 46.78 donde enter dollar signs What is the total costs transferred out of the department in the month? Enter the numbers only with no commas, dollar signs, or decimals Step by Step Solution
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