Assume that during February 5 comma 000

5,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred inFebruary, but only 4 comma 000

4,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1 comma 000

1,000 cameras.However, onaverage, these remaining 1 comma 000

1,000 cameras are only 75

75% conversion costs.(a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit forFebruary? (b) What is the unit cost of an assembled camera in February 2017

2017?

(a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit forFebruary? First calculate the equivalent units.

Equivalent Units

Direct Materials

Conversion Costs

Completed and transferred out in current period

Work in process, ending

Work done in current period