FIFO method, assigning costs (continuation of 17-21). For the data in Exercise 17...

FIFO method, assigning costs (continuation of 17-21).

For the data in Exercise 17-19, use the FIFO method to summarize the total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work in process.

FIFO method, equivalent units. Refer to the information in Exercise 17-19. Suppose the assembly division at Fenton Watches, Inc., uses the FIFO method of process costing instead of the weighted-average method. Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule