6.16 Q2, Q3, Q4 Equivalent unit cost under weighted average and FIFO Fine Fans mass-produces small elec- tric fans in Taiwan for home use. All direct materials are added at the beginning of production.

REQUIRED: and conversion costs are incurred evenly throughout production. The following production infor- mation is for the month of October (currency is National Taiwan dollars): Physical Units 100,000 Started in October Completed in October 94,000 Ending WIP (60% complete) 15,000 Beginning WIP (20% complete) 9,000 Costs NT$18,000 36,000 100,000 200,000 Beginning work in process costs: Direct materials Conversion costs Costs added this period: Direct materials Conversion costs A. Calculate the equivalent cost per unit using the weighted average method. B. Calculate the equivalent cost per unit using the FIFO method.