Use the following information to answer Questions.

The information below pertains to production activities in the refi ning department of Burn Corporation. All units in work in process (WIP) were costed using the FIFO cost flow assumption.

1. What was the conversion cost in the WIP inventory account at February 28?
a. $39,000
b. $39,600
c. $42,500
d. $45,000
2. What was the per-unit conversion cost of the units started last period and completed this period?
a. $0.86
b. $1.14
c. $1.25
d. $1.30

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Percentage of Conversion Completion Refining Department Units Costs 80% $22,000 WIP, February 1 25,000 $143,000 Units started and cost 135,000 incurred during February 100,000 Units completed and transferred to the mixing department $? WIP, February 28 50%