ALPHA, INC. uses a process cost system, reports its inventory using the FIFO method, and began its operations on January 1. On January 31, it had 12 units in process. These units were 25% complete. The costs associated with the beginning work-in-process are $36. During February, 20 units were completed and transferred to finished goods. The current period (February) costs were $60. The ending work-in-process at February 28 consisted of 8 units which were 50% complete.

Calculate the following, for both the Average and the FIFO method (Round dollar amounts to the nearest cent):

a. Equivalent units produced during February: Average _____ FIFO ______

b. Cost per unit for February: Average _____ FIFO ______

c. Number of units started and completed during February: Average ______ FIFO ________

d. Total cost of the units completed and transferred in February: Average _____ FIFO _______

e. Total cost of the beginning work in process inventory at March 1: Average _____ FIFO ______