N2. Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of thecompany's first processing department for a recent month.Work in process, beginning:Units in processPercent complete with respect to materialsPercent complete with respect to conversionCosts in the beginning inventory:Materials costConversion costUnits started into production during the monthUnits completed and transferred outCosts added to production during the month:Materials costConversion costWork in process, ending:Units in processPercent complete with respect to materials:Percent complete with respect to conversionRequired:Using the FIFO method:Complete this question by entering your answers in the tabs below.Show Transcribed Texta. Determine the equivalent units of production for materials and conversion costs.b. Determine the cost per equivalent unit for materials and conversion costs.c. Determine the cost of ending work in process inventory.d. Determine the cost of units transferred out of the department during the month.Req aReq bMaterialsConversionĈ3Complete this question by entering your answers in the tabs below.Req cReq d$$C Rega9005302,10816,00016,000$ 32,180$416,512Determine the equivalent units of production for materials and conversion costs.Equivalent Unitsof Production40%20%900Reqb >50%50% Complete this question by entering your answers in the tabs below.Req aMaterialsConversionReq bShow Transcribed TextDetermine the cost per equivalent unit for materials and conversion costs. (Round your final answers to 2 decimal places.)Cost perEquivalent UnitReq aReq cReq bShow Transcribed TextReq aReq dComplete this question by entering your answers in the tabs below.Req cJ< ReqaReq biDetermine the cost of ending work in process inventory.Cost of ending WIPReq diReq c< Req bComplete this question by entering your answers in the tabs below.ĆReq dReq c >< Req eReqd >Determine the cost of units transferred out of the department during the month.Cost of units transferred outRegd >

Name: N2. Daosta Inc. uses the FIFO method in its process costing system. Th
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: N2. Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of thecompany's first processing department for a recent month.Work in process, beginning:Units in processPercent complete with respect to m