1. Air and Breeze Co produces Ceiling Fans and assigns its costs using the process costing system. For the month of January, the following information was provided regarding units processed:

   Units Completed and Transferred Out	12,000 units
   Units in Ending Inventory	3,000 units

   The units in ending work in process inventory were 30% complete with respect to direct materials and 55% complete with respect to conversion costs.

   In addition, Air and Breeze Co had the following costs associated with their product in the month of January:

   Beginning Work In Process - Direct Materials	$120,000
   Beginning Work In Process - Conversion Costs	$30,000
   Direct Materials Added	$600,000
   Conversion Costs Added	$200,000

   What is the cost per unit? And, what is the cost assigned to units in ending inventory?

   		Cost per Unit = $61.16 Ending Inventory = $183,491
   		Cost per Unit = $61.16 Ending Inventory = $66,036
   		Cost per Unit = $70.58 Ending Inventory = $76,891
   		Cost per Unit = $63.33 Ending Inventory = $190,000
   		Cost per Unit = $72.66 Ending Inventory = $217,991
   		Cost per Unit = $70.58 Ending Inventory = $211,730
   		Cost per Unit = $72.66 Ending Inventory = $78,035
   		Cost per Unit = $63.33 Ending Inventory = $68,500