North Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's $$rst processing department for June:

Units Percentage Completed

WIP, Beginning $60,00070\%25\%$

Started Into Production $424,000$

Completed and Transferred Out $364,000$

WIP, Ending $120,00050\%15\%$

Materials Conversion

WIP, Beginning $$28,000$ $$18,000$

Costs added during June $$519,000$ $$182,000$

REQUIRED:

$($a$)$ Determine the Equivalent Units for June.

$($b$)$ Computer the Cost per equivalent Unit for June.

SHOW ALL CALCULATIONS!!!!!

$$

$($a$)$

Equivalent Units Materials Conversion

To complete WIP, Beg

Materials

Conversion

Units Started and Completed during the Period

Ending WIP

Materials

Conversion

Equivalent Units of Production

$($b$)$

Cost per Equivalent Unit Materials Conversion

Costs Added during the period

Equivalent Units $($EU$)$

Cost per EU