Bellevue Chemicals had beginning work-in-process inventory of $249,495 on March 1. Of this amount, $102,195 was...

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Bellevue Chemicals had beginning work-in-process inventory of $249,495 on March 1. Of this amount, $102,195 was the cost of direct materials and $147,300 was the cost of conversion. The 24,200 units in the beginning inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,300 units were transferred out and 15,000 remained in ending inventory. The units in ending inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $902,285 for direct materials and $1,021,315 for conversion. Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the FIFO method. Bellevue Chemicals had beginning work-in-process inventory of $249,495 on March 1. Of this amount, $102,195 was the cost of direct materials and $147,300 was the cost of conversion. The 24,200 units in the beginning inventory were 45 percent complete with respect to direct materials and 65 percent complete with respect to conversion costs. During March, 58,300 units were transferred out and 15,000 remained in ending inventory. The units in ending inventory were 70 percent complete with respect to direct materials and 15 percent complete with respect to conversion costs. Costs incurred during March amounted to $902,285 for direct materials and $1,021,315 for conversion. Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for March using the FIFO method.