FIFO: Cost per equivalent unit; costs assigned to products C2 QualCo manufactures a single product in two departments: Cutting and Assembly. Information for the Cutting department for May follows. 1. Compute equivalent units of production for both direct materials and conversion. 2. Compute cost per equivalent unit of production for both direct materials and conversion. 3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at periodend. Check (w) EUP for materials, 195.750