Shirley Processing, Incorporated $($SPI$)$ makes adhesive tape and uses a FIFO process costing system. The following information shows the physical flow of units and costs for the month of March:

QuantitiesPhysical unitsPercentage CompleteMaterialsConversionBeginning work$-$in$-$process$114,000100\%40\%$Started$960,500$To account for$1,074,500$Transferred out$982,500100\%100\%$Ending work in process$92,000100\%20\%$Accounted for$1,074,500$

CostTotalDirect MaterialsConversionBeginning work$-$in$-$process$ $200,570$$ $174,180$$ $26,390$Current period$2,013,2021,306,280706,922$Total$ $2,213,772$$ $1,480,460$$ $733,312$

Required:

Compute the equivalent units for the materials and conversion cost calculation for March.

Compute the cost per equivalent unit for direct materials and conversion costs for March. Shirley Processing, Incorporated $($SPI$)$ makes adhesive tape and uses a FIFO process costing system. The following information shows the physical flow of units and costs for the month of March:

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multirow$[$b$]\{2\}\{*\}\{$Quantities$\}$ & $\backslash$multirow$[$t$]\{2\}\{*\}\{$Physical units$\}$ & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Percentage Complete$\}\backslash \backslash$

$\backslash$hline & & Materials & Conversion $\backslash \backslash$

$\backslash$hline Beginning work$-$in$-$process & $114,000$ & $100\backslash \%$ & $40\backslash \%\backslash \backslash$

$\backslash$hline Started & $960,500$ & & $\backslash \backslash$

$\backslash$hline To account for & $1,074,500$ & & $\backslash \backslash$

$\backslash$hline Transferred out & $982,500$ & $100\backslash \%$ & $100\backslash \%\backslash \backslash$

$\backslash$hline Ending work in process & $92,000$ & $100\backslash \%$ & $20\backslash \%\backslash \backslash$

$\backslash$hline Accounted for & $1,074,500$ & & $\backslash \backslash$

$\backslash$hline Cost & Total & Direct Materials & Conversion $\backslash \backslash$

$\backslash$hline Beginning work$-$in$-$process & $\backslash$$ $200,570$ & $\backslash$$ $174,180$ & $\backslash$$ $26,390\backslash \backslash$

$\backslash$hline Current period & $2,013,202$ & $1,306,280$ & $706,922\backslash \backslash$

$\backslash$hline Total & $\backslash$$ $2,213,772$ & $\backslash$$ $1,480,460$ & $\backslash$$ $733,312\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Required:

a$.$ Compute the equivalent units for the materials and conversion cost calculation for March.

b$.$ Compute the cost per equivalent unit for direct materials and conversion costs for March.

Complete this question by entering your answers in the tabs below.

Compute the equivalent units for the materials and conversion cost calculation for March.