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Fall Fun Inc. uses process costing. Beginning work in process inventory consisted of $40,000 in direct...

Fall Fun Inc. uses process costing. Beginning work in process inventory consisted of $40,000 in direct materials and $80,000 in conversion costs. There were $50,000 of direct materials and $100,000 of conversion costs added this period. Equivalent units for the period were: Direct Materials Conversion Units Completed 130,000 130,000 Units in Ending Work in Process 20,000 70,000 Total Equivalent Units 150,000 200,000 Calculate (and show all work on scrap paper): DO NOT ROUND YOUR ANSWERS Cost per equivalent unit for direct materials Cost per equivalent unit for conversion Total cost assigned to goods completed and transferred out Total cost assigned to ending work in process

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