Howard Company has the following information for its 1st department available for January:

Beginning Work in Process Inventory

(25% done as to conversion)10,000 units

Started in process120,000 units

Ending Work in Process Inventory

(30% done as to conversion)30,000 units

Beginning Work in Process Inventory Costs:

MaterialP 21,000

Conversion20, 300

Current Period Costs:

MaterialP 330,000

Conversion1,090,000

All material is added at the start of production and all products completed are transferred out.

Requirements:

a. Refer to Howard Company. Make an equivalent unit schedule using the (a) FIFO and (b) weighted average method.

b. Refer to Howard Company. Make a schedule showing the computation for cost per equivalent unit assuming (a) FIFO and (b) weighted average method.