Comfort chair company manufactures a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cucle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs.

Beginning inventory:

DIrect materials $24,000

Conversion costs $35,000

Manufacturing costs added during the accounting period:

Direct materials $168,000

Conversion costs $278,000

1. What were the equivalent units for conversion costs during February? (HINT: The answer is 81,500, but I need work to support this)

2. What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of February? (HINT: The answer is $23,000, but I need work to support this)