Shirley Processing, Inc. (SPI) makes adhesive tape and uses a FIFO process costing system. The following information shows the physical flow of units and costs for the month of March:

Required

a. Compute the equivalent units for the materials and conversion cost calculation for March.

b. Compute the cost per equivalent unit for materials and conversion costs for March.

Transcribed Image Text:

1 2 Quantities 345678 3 Beginning work-in-process Started 4 A 9 10 11 Costs: 3451 To account for 16 Transferred out Ending work-in-process Accounted for 12 Beginning work-in-process Current Period Total Physical units 105,000 956,000 1,061,000 $ 973,500 87,500 1,061,000 Total 182,570 $ Percentage Complete Materials 100% 100% 100% Direct Mat. 165,180 $ Conversion 40% 1,830,970 1,214,120 $ 2,013,540 $ 1,379,300 $ 100% 20% Conversion 17,390 616,850 634,240