QualCo manufactures a single product in two departments: Cutting and Assembly. During May, the Cutting department completed a number of units of a product and transferred them to Assembly. Of these transferred units, 39,100 were in process in the Cutting department at the beginning of May and 166,500 were started and completed in May. Mays Cutting department beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of May, 52,900 additional units were in process in the Cutting department and were 60% complete with respect to materials and 20% complete with respect to conversion. The Cutting department had $556,088 of direct materials and $461,242 of conversion cost charged to it during May. Its beginning inventory included $75,675 of direct materials cost and $30,093 of conversion cost.

2-4. Using the FIFO method, assign May's costs to the units transferred out and assign costs to its ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Equivalent units of production (EUP)- FIFO method Units % Materials EUP-Materials % Conversion EUP- Conversion Total units Cost per equivalent unit of production Materials Conversion Total costs Costs Costs Equivalent units of production EUP EUP Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost: Cost to complete units in beginning inventory Total cost EUP Cost per EUP Direct materials Conversion Total cost to complete beginninng inventory Cost of units started and completed EUP Total cost Cost per EUP Direct materials Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process Total cost EUP Cost per EUP Direct materials Conversion Total cost of ending work in process Total costs accounted for