The cost data and production data for Debits Company for the month of May are as follows:

Cost Data:

Work in process, May 1: Materials P 10, 400

Conversion costs 13, 800

Cost added this month: Materials 120, 000

Conversion costs 320, 400

Production Data:

Work in process, May 1 (60% incomplete) 7, 500 units

Started in production this May 80, 000 units

Transferred out 72, 500 units

Work in process, May 31 (30% to be done) 13, 000 units

Normal lost units 1, 100 units

Abnormal lost units ?

All materials are added at the start of the process and lost units are detected at the inspection point of 75% completion.

Round off the per unit cost to four decimal places

1. Under the FIFO method, what are the equivalent units for materials?
2. Under the FIFO method, what are the equivalent units for conversion costs?
3. Under the Average method, what are the equivalent units for materials?
4. Under the Average method, what are the equivalent units for conversion costs?
5. Using the FIFO method, what are the costs assigned to units transferred out?
6. Using the FIFO method, what are the costs assigned to units in ending work in process?
7. Using the average method, what are the costs assigned to units transferred out?
8. Using the average method, what are the costs assigned to units in ending work in the process?
9. Using FIFO, what is the cost of abnormal lost units?
10. Average method, what is the cost of abnormal lost units?