Jack and Jill (J&J) Manufacturing:Information about units processed and processing costs incurred during a recent month in the Refining Department of J&J company follow:

Number

Conversion Costs

of Units

Percent Completed

Beginning work-in-process inventory

11,000

35%

Units started into production

120,000

-

Units completed and transferred out

114,000

-

Ending work-in-process inventory

17,000

30%

The beginning work-in-process inventory included $11,000 of conversion cost. During the month, the Refining Department incurred an additional $290,000 in conversion costs.

A.

Assuming that J&J uses the weighted-average cost method, what are the equivalent units of production for conversion costs for the Refining Department for the month?

B.

Assuming J&J uses the weighted-average cost method, what is the cost per equivalent unit for conversion costs for the month in the refining Department, rounded to the nearest cent?

C.

Assuming that J&J uses the FIFO method, what are the equivalent units of production for conversion costs for the refining Department for the month?

D.

Assuming that J&J uses the FIFO method, what is the cost per equivalent unit for conversion costs for the month in the refining Department, rounded to the nearest cent?