Oat Company manufactures oatmeal for breakfast cereal. Direct materials are added at the beginning of the manufacturing process and conversion costs are incurred evenly throughout the manufacturing process. Data for the most recent period are as follows:

Work in process, January 31 65,000 units 40% completed for conversion costs

Units started during February, 475,000

Work in process, February 28 40,000 units

20% completed for conversion costs

Costs for February:

Direct materials Beginning WIP $184,000 Added $ 950,000

Conversion costs Beginning WIP $139,200 Added $1,638,800

Calculate Oatmeal Companys physical flow of units, equivalent units, cost per equivalent unit and assign costs to Finished Goods and Ending Work-in-Process Inventories using the FIFO method of processing costing.