expected to be thorough and accurate. As a result, no partial credit will be awarded on this assignment; only complete and correct responses will receive full credit.

$1.$ ABC Manufacturing produces custom glassware in a single production department. At the beginning of March, ABC Manufacturing had $2,000$ units in its beginning WIP inventory, which were $\backslash (60\backslash \%\backslash )$ complete with respect to conversion costs and fully complete regarding materials. During March, the company started production on another $6,000$ units. By the end of the month, $7,000$ units were completed and transferred out, leaving $1,000$ units in ending WIP inventory, which were $\backslash (40\backslash \%\backslash )$ complete with respect to conversion costs and fully complete regarding materials. Round to the nearest penny.

Cost information:

Beginning WIP inventory: $\backslash (\backslash$$ $10,000\backslash )$ in direct materials, $\backslash (\backslash$$ $7,200\backslash )$ in conversion costs

Cost added during March: $\backslash (\backslash$$ $32,000\backslash )$ in direct materials, $\backslash (\backslash$$ $30,000\backslash )$ in conversion costs

a$.$ FIFO

i$.$ Equivalent units for direct materials

ii$.$ Equivalent units for conversion costs

iii. Cost per equivalent unit for direct materials

iv$.$ Cost per equivalent unit for conversion costs

v$.$ Costs allocated to beginning WIP

vi$.$ Costs allocated to started $\backslash$& completed units

vii. Costs allocated to ending WIP

b$.$ Weighted average

i$.$ Equivalent units for direct materials

ii$.$ Equivalent units for conversion costs

iii. Cost per equivalent unit for direct materials

iv$.$ Cost per equivalent unit for conversion costs

v$.$ Costs allocated to completed units

vi$.$ Costs allocated to ending WIP