Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February: Beginning WIP inventory Direct materials Conversion costs Current period costs Direct materials Conversion costs Beginning inventory Current period units started Ending inventory Quantity information is obtained from the manufacturing records and includes the following: $ 23,053 7,555 135,047 64,625 Required A Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method. Required B 6,000 units (40% complete as to materials, 15% complete as to conversion) 44,500 units 16,000 units (75% complete as to materials, 35% complete as to conversion) Complete this question by entering your answers in the tabs below. 2

Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following Information for February: Quantity information is obtained from the manufacturing records and includes the following: lequired: . Compute the equivalent units for the materials and conversion cost calculations, b. Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method. Complete this question by entering your answers in the tabs below