Fine Fans mass-produces small electric fans in Hawley Beach for home use. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. The following production information is for the month of October:

Physical units
Started in October .................................. 100 000
Completed in October ............................. 94 000
Ending WIP (60% complete) .................... 15 000
Beginning WIP (20% complete) ................. 9 000

Costs
Beginning work in process costs:
Direct materials ...................................... $ 18 000
Conversion costs ....................................... 36 000
Costs added this period:
Direct materials ...................................... 100 000
Conversion costs ..................................... 200 000

Required

(a) Calculate the equivalent cost per unit using the weighted average method.

(b) Calculate the equivalent cost per unit using the FIFO method.