WEEK FIVE: CHAPTER EIGHT HOMEWORK Saved 4 Problem 8-63 (Algo) Solving for Unknowns: FIFO Method (LO 8-4,5) 25 points For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginning inventory, 5,400 units were 40 percent complete with respect to materials. During the period, 43,000 units were transferred out. Ending inventory consisted of 6,600 units that were 70 percent complete with respect to materials. How many units were started and completed during the period? eBook b. At the start of the period, 4,100 units were in the work-in-process inventory; 2,900 units were in the ending inventory. During the period, 9,100 units were transferred out to the next department. Materials and conversion costs are added evenly throughout the production process. FIFO costing is used. How many units were started during this period? Print References c. Beginning inventory amounted to 1,100 units. This period, 4,500 units were started and completed. At the end of the period, the 3,500 units in inventory were 30 percent complete. Using FIFO costing, the equivalent production for the period was 5,770 units. What was the percentage of completion of the beginning inventory? d. The ending inventory included $72,800 for conversion costs. During the period, 41,400 equivalent units were required to complete the beginning inventory, and 56,000 units were started and completed. The ending inventory represented 8,000 equivalent units of work this period. FIFO costing is used. What were the total conversion costs incurred this period? Complete this question by entering your answers in the tabs below. Required A Required B Required Required D In the beginning inventory, 5,400 units were 40 percent complete with respect to materials. During the period, 43,000 units were transferred out. Ending inventory consisted of 6,600 units that were 70 percent complete with respect to materials. How many units were started and completed during the period? Units started and completed Required A Required B > Complete this question by entering your answers in the tabs below. Required a Required B Required C Required D At the start of the period, 4,100 units were in the work-in-process inventory; 2,900 units were in the ending inventory. During the period, 9,100 units were transferred out to the next department. Materials and conversion costs are added evenly throughout the production process. FIFO costing is used. How many units were started during this period? Units started Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Beginning inventory amounted to 1,100 units. This period, 4,500 units were started and completed. At the end of the period, the 3,500 units in inventory were 30 percent complete. Using FIFO costing, the equivalent production for the period was 5,770 units. What was the percentage of completion of the beginning inventory? Completion of beginning inventory % Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D The ending inventory included $72,800 for conversion costs. During the period, 41,400 equivalent units were required to complete the beginning inventory, and 56,000 units were started and completed. The ending inventory represented 8,000 equivalent units of work this period. FIFO costing is used. What were the total conversion costs incurred this period? (Do not round intermediate calculations.) Show less Total conversion costs