1. (3 points) Landry Co. had the following information for the month of December. All direct materials were added to the account at the beginning of the production (i.e. 100% complete), and materials costs in beginning WIP was $14,000, conversion costs recorded as $17,000. There were 260 units in the beginning WIP Inventory account and the conversion work is 10% completed. By the end of the period, the company completed 960 units and transferred them to finished goods inventory. There were 300 units in the ending WIP account and the conversion work is 20% completed. The information on costs added during the month is given as follows:

Work in Process Inventory (Costs Added During the Period)
Beginning balance @ 12/1: 260 units
Direct materials	$65,000
Direct labor	$41,328
Overhead (Breakdowns)
Property Insurance	$7,000
Depreciation	$38,000
Utilities	$22,000
Indirect labor	$3,000
Ending balance @ 12/31: 300 units

1. (0.5 point) What are the total equivalent units for materials under the FIFO method?

2. (1 point) What are the total equivalent units for conversion under the FIFO method?

3. (0.5 point) What is the cost per equivalent unit for materials under the FIFO method?

4. (1 point) What is the cost per equivalent unit for conversion under the FIFO method?