Assume that FIFO process costing is used. What is the cost per equivalent 3 points unit for conversion? * Round off final answer to two decimal places. Your answer Grazzia Company has the following information for November: Beginning Work in Process Inventory Started (70% complete as to conversion) Ending Work in Process Inventory (10% complete as to conversion) 6,000 units 24,000 units 8,500 units Beginning WIP Inventory Costs: Material Conversion Current Period Costs: Material Conversion P23,400 50,607 P31,500 76,956 All material is added at the start of the process and all finished products are transferred out. How many units were transferred out in November? * Your answer 3 points Assume that weighted average process costing is used. What is the cost per equivalent unit for material? * Answer should be rounded off to the nearest centavo (2 decimal places) Your answer