The Taylor Company uses a process costing system. Assume that direct materials are added at the beginning of the period and that direct labor an overhead are added continuously throughout the process. The company uses the FIFO costing method. The following data are available for one of its accounting periods.

1. Assume that you have calculated a direct materials cost per unit of $4 and a conversion cost per unit of V. Under this assumption, the ending balance for Work in Process Inventory of Taylor Company would be

a. $82,000.

b. $165,000.

c. $99,000.

d. $123,000.

2. Equivalent units for conversion costs of Taylor Company are

a. 207,800.

b. 192,200.

c. 181,800.

d. 200,000.

Beginning work in process Units started Units transferred out Ending work in process Units 26,000 (70 percent complete for conversion costs) 180,000 191,000 15,000 (60 percent complete for conversion costs)