Beowulf and Grendel, a public accounting firm in London, is engaged in the preparation of income tax returns for individuals. The firm uses the weighted-average method of process costing for internal reporting. The following information pertains to February. ( denotes the British monetary unit, pounds sterling.)*

Returns in process, February 1:
(21% complete)		310
Returns started in February		920
Returns in process, February 28:
(70% complete)		350
Returns in process, February 1:
Labor		2,500
Overhead		4,000
Labor, February (3,050 hours)		76,250
Overhead, February		35,375

*Although the Euro is generally used throughout Europe, day-to-day business in the United Kingdom continues to be conducted in pounds sterling.

1.	Compute the following amounts for labor and for overhead:

a.	Equivalent units of activity.

b.	Cost per equivalent unit.