d Easy Incorporated uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. 1,450 90% 10% $1,918 $1,510 24,700 24,800 $ 71,871 $ 543,498 4,350 70% 70%