Answer Happy

Question 1: Krollon Company uses the FIFO method in its
process costing system. The following data are for the most recent
month of operations in one of the company’s processing
departments:
The cost of beginning inventory according to the company’s
costing system was $65,760, of which $36,990 was for materials and
the remainder was for conversion cost. The costs added during the
month amounted to $392,103. The costs per equivalent unit for the
month were as follows:
Required:
1a. Compute the total cost per equivalent
unit for the month. (Round your answer to 2 decimal
places.)
1b. Compute the equivalent units of
material and of conversion costs in the ending inventory.
1c. Compute the equivalent units of
material and of conversion costs that were required to complete the
beginning inventory.
1d. Determine the number of units started
and completed during the month.
Units started and completed: ______________
1e. Determine the costs of ending
inventory and units transferred out.