1) The following information is available from the Oils Division of Glasgow Corporation for December. Conversion costs for this division were 80 percent complete as to beginning work-in-process inventory and 50 percent complete as to ending work-in-process inventory. Information about conversion costs follows:

Units

Conversion Costs

WIP at December 1 (80% complete)

102,000

$

395,760

Units started and costs incurred during December

542,000

2,229,070

Units completed and transferred to next department during December

402,000

?

The Oils Division uses FIFO

Required:

a-1. Compute the equivalent units for conversion costs.

Equivilent Units

answer here please

a-2. Compute the cost per equivalent unit for conversion costs. (Round your answers to 2 decimal places.)

Cost Per Equivilent Units

answer here please

a-3. What was the conversion cost of work-in-process inventory in the Oils Division at December 31? (Do not round intermediate calculations.)

Conversion Costs

answer here please

b. What were the conversion costs per equivalent unit produced last period and this period, respectively? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	Cost per Unit
Previous Period	Answer here please
Current Period	Answer here please