Jarvene Corporation uses the FIFO method in its process costing system. The following data are...

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Accounting

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the companys processing departments:

Units in beginning inventory 410
Units started into production 4,320
Units in ending inventory 330
Units transferred to the next department 4,400

Materials Conversion
Percentage completion of beginning inventory 80% 20%
Percentage completion of ending inventory 80% 50%

The cost of beginning inventory according to the companys costing system was $7,890, of which $4,859 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $181,157. The costs per equivalent unit for the month were:

Materials Conversion
Cost per equivalent unit $18.00 $23.00

Required:
1. Compute the total cost per equivalent unit for the month. (Round your answer to 2 decimal places.)

2. Compute the equivalent units of material and of conversion in the ending inventory.

3. Compute the equivalent units of material and of conversion that were required to complete the beginning inventory.

4. Determine the number of units started and completed during the month.

5. Determine the costs of ending inventory and units transferred out.

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