Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 87,000 units, 80% complete as to materials and 20% complete as to conversion. Units started and completed: 257,000. Units completed and transferred out: 344,000. Ending Inventory: 33,500 units, 30% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $44,200. Costs in beginning Work in Process - Conversion: $86,700. Costs incurred in October - Direct Materials: $719.310. Costs incurred in October - Conversion: $1,144,590. Calculate the cost per equivalent unit of conversion. Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $480,000, and direct labor costs to be $240,000. Actual overhead costs for the year totaled $501,000, and actual direct labor costs totaled $269,000. At year-end, the balance in the Factory Overhead account is a: Multiple Choice 0 $501,000 Debit balance. 0 $269,000 Debit balance. 0 $37,000 Credit balance. 0 $538,000 Credit balance. 0 $37,000 Debit balance