Pacific Inc had beginning work-in-process inventory of $760,000 on October 1st. Of this amount $305,920 what the cost of direct materials and $454,080 was the cost of conversion. The 49,000 units in the beginning inventory were 30% complete with respect to both direct materials and conversion costs.

During October 104,000 units were transferred out and 31,000 remained in ending inventory. The units in ending inventory were 80% complete with respect to direct materials and 40% complete with respect to conversion costs. Cost incurred during the period amounted to $2,282,000 for direct materials and $3,101,850 for conversion.

Required:

a. Compute the equivalent units for the materials and conversion cost calculations.

b. Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method.