[ Required 1. Assume there was no beginning inventory of any kind on January 1. During January, 14,000 cameras were placed into production and all 14,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? 2. Assume that during February, 14,000 cameras were placed into production. Further, assume the same total assembly costs for January are also incurred in February, but only 12,000 cameras are fully completed at the end of February. All direct materials have been added to the remaining 2,000 cameras. However, on average, these remaining 2,000 cameras are only 70% complete as to conversion costs. (a) What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? (b) What is the unit cost of an assembled camera in February? 3. Explain the difference in your answers to requirements 1 and 2. D&C Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In January, the company incurred $890,000 on direct materials and $958,000 on conversion costs for a total manufacturing cost of $1,848,000 Required Requirement 1. Assume there was no beginning inventory of any kind on January 1. During January, 14,000 cameras were placed into production and all 14,000 were fully completed at the end of the month. What is the unit cost of an assembled camera in January? (Round your answers to the nearest cent.) Direct materials cost per unit $ 63.57 68.43 Conversion cost per unit 132.00 Assembly department cost per unit Requirement 2a. Assume that during February, 14,000 cameras were placed into production. Further, assume the same total assembly costs for January are also incurred in February, but only 12,000 cameras are fully completed at the end of February. All direct materials have been added to the remaining 2,000 cameras. However, on average, these remaining 2,000 cameras are only 70% complete as to conversion costs. What are the equivalent units for direct materials and conversion costs and their respective costs per equivalent unit for February? First calculate the equivalent units for both direct materials and conversion costs. Equivalent Units Direct Materials Conversion Costs Completed and transferred out in current period Work in process, ending Work done in current period