What is the beginning inventory and units started for FIFO Costing method for the year ended December 31.

121 ents Units" Costs Work in process inventory January 1 2,200 Direct materials costs Conversion costs $ 2,080 620 December 31* 2,000 Direct materials costs Conversion costs 1,880 600 Units started during year 458,500 Costs for year: Liquid materials added Direct labor and overhead Bottles 430,990 229,400 110,088 Each unit is a 24-bottle case. .. 50% complete. 60% complete. The company's variable general administrative and selling costs are $1.10 per unit. Fixed administrative and selling costs are assigned to products at the rate of S0.50 per unit. Each of Won Cola's two main competitors is already marketing a diet cola. Com- A's product sells for $4.10 per unit, Company B's, for $4.05. All costs are expected to increase by 10 percent in the next three years. Won Cola tries to earn a profit of at least 15 percent on the total unit cost. 1. What factors should Won Cola, Inc., consider in setting a unit selling price for a case of Uncalorie Cola? 2. Using the FIFO costing method, compute (a) equivalent units for direct materials, 3. What is the expected unit cost of Uncalorie Cola for the year? (Round unit costs to 4. Recommend a unit selling price range for Uncalorie Cola, and give the reason(s) for cases of bottles, and conversion costs; (b) the total production cost per unit; and (c) the total cost per unit of Cola Plus for the year the nearest cent.) your choice. (Round to the nearest cent.) 3,4,6 Business Communications: Using the Process Costing System s RuSINESS APPLICATION You are the nroduction manager for Rreakkfast Grain