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

Portrait, Inc. manufactures digital cameras. It has two departments: assembly and testing. In January 2020 , the company incurred $875,000 on direct materials and $820,000 on conversion costs, for a total manufacturing cost of $1,695,000. Requirement 2. Assume that during February 20,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only 19,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 25% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled cameras in February 2020? Equivalent Units \begin{tabular}{lll} & Direct Materials & Conversion Costs \\ \hline Completed and transferred out in current period & \\ Work in process, ending & \\ Work done in current period & \end{tabular}