Assad Company uses the process costing method with the following data for the month of July.

Work-in-process, July 1, 30,000 units:
Direct material: 100% completed	$65,500
Conversion: 30% completed	51,910
Balance in work in process, July 1	$117,410
Units started during July	40,000
Units finished	50,000
Work in process, July 31, 20,000 units:
Direct material: 100% completed
Conversion: 60% completed
Cost incurred during July:
Direct materials	$120,000
Conversion costs	199,810
Total	$319,810

1. Calculate the equivalent units using the weighted-average method.

2. Compute cost per equivalent unit under FIFO method (2 points

3. Calculate the cost of units completed and transferred out using the FIFO method (4 points.

4. Calculate the cost of ending work in process using FIFI method.