(EUP; cost per EUP; cost assignment; FIFO & weighted average) Manet Com¬ pany mass-produces miniature speakers for portable CD players. The follow¬ ing T-account presents the firm’s cost information for February 2006:

During February, the firm started 4,200 units and ended the month with 150 units still in process. The units in ending WIP Inventory were 80 percent complete as to material and 70 percent complete as to conversion.

a. Compute the unit costs for February under the FIFO method for direct material and for conversion.

b. Determine the total costs transferred to Finished Goods Inventory during February using the FIFO method.

c. Compute the unit costs for February under the weighted average method for direct material and for conversion.

d. Determine the cost of ending inventory using the weighted average method.LO1.

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Work in Process Inventory 2/1 Direct material cost in Bl 2/1 Conversion cost in BI Feb. DM received Feb. DL incurred Feb. OH applied to production 1,927 437 31,464 6,535 5,178 The company had 500 units in process on February 1. These units were 60 percent complete as to material and 30 percent complete as to conversion.