Question 1: Holly Company has the following information for December 1 to December 31. All direct materials are 100 percent complete; beginning materials cost $12,000. Beginning Balance December 1, 200 units 20% complete as to conversion Work-in-Process $ 14,000 During the period Direct materials Direct labor Factory overhead Property taxes Depreciation Utilities Indirect labor Completed 800 units and transferred to finished goods inventory Ending Balance December 31, 300 units 40% complete as to conversion Required Under both FIFO and under the weighted-average method, determine: The number of equivalent units Cost per equivalent unit 54,000 34,000 6,000 32,000 18,000 4,000 The value (in dollar) of completed units (finished goods) and incompleted units (ending balance)