Assume that during February

5,000 cameras are placed into production. Further assume the same total assembly costs for January are also incurred in February, but only

4,000 cameras are fully completed at the end of the month. All direct materials have been added to the remaining

1,000 cameras. However, on average, these remaining

1,000 cameras are only 75% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled camera in February 2017?

(a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? First calculate the equivalent units.

	Equivalent Units
	Direct Materials	Conversion Costs
Completed and transferred out in current period
Work in process, ending
Work done in current period

Now calculate the direct materials and conversion costs per equivalent unit for February. (Round your answers to the nearest cent.)

	Direct Materials	Conversion Costs
Costs incurred during the period
Equivalent units of work done in current period
Cost per equivalent unit