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:

Quantities	Physical units	Percentage Complete
		Materials	Conversion
Beginning work-in-process	105,000	100%	40%
Started	956,000
To account for	1,061,000
Transferred out	973,500	100%	100%
Ending work in process	87,500	100%	20%
Accounted for	1,061,000

Cost	Total	Direct Materials	Conversion
Beginning work-in-process	$ 182,570	$ 165,180	$ 17,390
Current period	1,830,970	1,214,120	616,850
Total	$ 2,013,540	$ 1,379,300	$ 634,240

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:

Quantities	Physical units	Percentage Complete
		Materials	Conversion
Beginning work-in-process	105,000	100%	40%
Started	956,000
To account for	1,061,000
Transferred out	973,500	100%	100%
Ending work in process	87,500	100%	20%
Accounted for	1,061,000

Cost	Total	Direct Materials	Conversion
Beginning work-in-process	$ 182,570	$ 165,180	$ 17,390
Current period	1,830,970	1,214,120	616,850
Total	$ 2,013,540	$ 1,379,300	$ 634,240

Required:

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

	Equivalent Unit
Material
Conversion

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

	Cost per equivalent unit
Direct Material
Conversion