12. Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory		700
Materials costs	$	11,500
Conversion costs	$	22,200
Percent complete with respect to materials		75	%
Percent complete with respect to conversion		65	%
Units started into production during the month		8,600
Units transferred to the next department during the month		7,800
Materials costs added during the month	$	159,300
Conversion costs added during the month	$	348,500
Ending work in process inventory:
Units in ending work in process inventory		1,500
Percent complete with respect to materials		65	%
Percent complete with respect to conversion		50	%

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

• $20.42

• $21.90

• $19.31

• 14.

  Activity in Saggers Corporation's Assembly Department for the month of March follows:

  		Percent Complete
  	Units	Materials		Conversion
  Work-in-process inventory, March 1	6,000	60	%	45	%
  Started into production during March	65,000
  Work-in-process inventory, March 31	4,000	35	%	20	%

  The equivalent units for conversion for March, using the FIFO method, are:

  Multiple Choice

• 63,100 units

• 65,000 units

• 62,500 units

• 65,100 units