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 prodection for both direct materiais and conversion. 2. Compute cost per equivalent unit of production for both direct materials and conversion. 3. Assign costs to the departments oatput-specifically, to the units transferred out and to the units that remain in work in process at period-ead. Check (2) LUP for materialk, 195,750