1. calculate the cost per equivalent unit for direct materials and conversion costs using the fifo way.

Sunny's produces sunglasses in a single department production. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Conversion costs are 70% complete for beginning WIP and 50% for ending WIP. The company uses FIFO method of process costing. The following information for April 2019 is available. Physical Equivalent Units Direct Conversion Materials Costs 20,000 14,000 units Work in process, 1 April Started during February Completed and transferred out during April Work in process, 30 April 20,000 80,000 68,000 68,000 68,000 32,000 1 32,000 16.000 Costs for April 2019 are as follows: $120,000 140,000 Work in process, beginning Direct materials Conversion costs Direct materials added during February Conversion costs added during February Total costs to account for $260,000 560,000 742,000 $1,562,000