Reference no: EM132757223

Question: 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, 37,600 were in process in the Cutting department at the beginning of May and 152,800 were started and completed in May. May's Cutting department beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of May, 51,450 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 $516,646 of direct materials and $371,300 of conversion cost charged to it during May. Its beginning inventory included $74,175 of direct materials cost and $28,593 of conversion cost.

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.)