Keyboard Production, inc. uses various composites for production of keyboards. Keyboard uses two cost categories, direct materials and conversion costs. There are two departments: Machining and Assembly. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.

Data for Machining Department for February 2020 are:

Work in process, beginning inventory, 40% converted 300 units

Units started during February 900 units

Work in process, ending inventory: 0 units

30% complete as to conversion costs

100% complete as to materials

Costs for the Machining Department for February 2020 are:

Work in process, beginning inventory:

Direct materials $600,000

Conversion costs $475,000

Direct materials costs added during February $4,000,000

Conversion costs added during February $1,850,000

Prompt 1Under the weighted average method, what is the cost per equivalent unit for conversion costs for Feb?

Answer for prompt 1 Under the weighted average method, what is the cost per equivalent unit for conversion costs for Feb?

Under the FIFO method, what is the cost per equivalent unit for conversion costs for Feb?

Under the FIFO method, what are the equivalent units for conversion costs for Feb?

Under the weighted average method, what are the equivalent units for conversion costs for Feb?