A firm called Can't Be Stopped, Won't Be Stopped uses process costing to determine the cost of inventory. All direct materials are added at the beginning of the process.

Last month, the firm's second department in the process, Department B, had 1,000 units in BWIP (50% complete with respect to conversion costs), completed 9,000 units, and had 500 units in ending inventory (25% complete with respect to conversion costs). The firm has the following costs in the WIP-Department B's T-account.

	Direct Materials	Conversion Costs	Transferred-in Costs
BWIP cost	$25,000	$75,000	$150,000
Current period cost	$275,000	$1,000,000	$1,250,000

Which of the following shows the conversion cost per equivalent unit rates using the FIFO and weighted average methods (round rates to nearest cent if necessary)?

Weighted average: $113.16 conversion costs per equivalent unit FIFO: $117.65 conversion costs per equivalent unit
	b. Weighted average: $117.65 conversion costs per equivalent unit FIFO: $113.16 conversion costs per equivalent unit
	c. Weighted average: $117.81 conversion costs per equivalent unit FIFO: $115.94 conversion costs per equivalent unit
	d. Weighted average: $115.94 conversion costs per equivalent unit FIFO: $117.81 conversion costs per equivalent unit