3) Bears, Inc., adds materials at the beginning of the process in Department MO. The following information on physical units for Department MO for the month of July is available:

Work in process, July 1 (75% complete with respect to conversion) 9,000

Started in July 60,000

Completed 60,000

Work in process, July 31 (60% complete with respect to conversion) 9,000

a) Compute the equivalent units for materials costs AND for conversion costs using the weighted-average method.

b) Compute the equivalent units for materials costs AND for conversion costs using the FIFO method.