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 $29,553 9,505 179,832 92,640 Quantity information is obtained from the manufacturing records and includes the following Beginning Inventory Current period units started Ending Inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 45,000 units 29,000 units (75% complete as to materials, 35% complete as to conversion) Exercise 8-43 (Algo) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) 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 Complete this question by entering your answers in the tabs below. Required A Required B Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs Required A Required B > 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 $ 29,553 9,505 179,832 92,640 Quantity information is obtained from the manufacturing records and includes the following Beginning Inventory Current period units started Ending Inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 45,800 units 29,000 units (75% complete as to materials, 35% complete as to conversion) Exercise 8-43 (Algo) Compute Costs per Equivalent Unit: FIFO Method (LO 8-5) 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the cost per equivalent unit for direct materials and for conversion costs for February using the FIFO method. (Round your answers to 2 decimal places.) Direct materials Conversion costs Cost Per Equivalent Unit Required information Exercise 8-43 & 8-44 (Algo) (LO 8-5) [The following information applies to the questions displayed below] Annin Laboratories uses the FIFO method to account for its work-in-process inventories. The accounting records show the following information for February Beginning NIP Inventory Direct materials. Conversion costs Current period costs Direct materials Conversion costs $ 29,553 9.505 179,832 92,640 Quantity information is obtained from the manufacturing records and includes the following Beginning inventory Current period units started Ending Inventory 6,000 units (40% complete as to materials, 15% complete as to conversion) 45,600 units 29,000 units (75% complete as to materials, 35% complete as to conversion) Exercise 8-44 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 8- 5) Compute the cost of goods transferred out and the ending inventory for February using the FIFO method Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Cost of goods transferred out Cost of ending inventory