art 1 (a) and (b) FAIRFAX COMPANY Direct Direct quivalent units of production (EUP) Materials Labor Inits completed and transferred out Inits of ending goods In process Direct materials Direct labor otal equivalent units of production Part 2 Direct Direct cost per equivalent unit of production Materials Labor Costs of beginning goods in process Costs Incurred this period total costs + Divided by Equivalent units of production Cost per equivalent unit of production Part 3 Direct Direct Assigning product costs to units Materials Costs transferred out Labor Direct materials Direct labor