Question: 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

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: Physical Percentage Complete Quantities units Materials Conversion Beginning work-in-process 118 , 000 100% 40% Started 962, 500 To account for 1, 080, 500 Transferred out 986 , 500 100% 100% Ending work in process 94 , 000 100% 20% Accounted for 1, 080, 500 Direct Cost Total Materials Conversion Beginning work-in-process $ 208, 570 $ 178, 180 $ 30, 390 Current period 2, 094, 818 1, 347, 500 747, 318 Total $ 2, 303, 388 $ 1, 525, 680 $ 777, 708 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

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