Smithers Ltd. uses the FIFO method for its production costing. On June 1, it had 35,000 units in beginning work in process that were 60% complete with respect to conversion costs. During the month it completed 80,000 units and on June 30, there were 16,000 units in ending work in process. These units were 35% complete with respect to conversion. Direct materials are added at the beginning of the process and no units are lost during production. The costs associated with the beginning inventory were $83,300 for direct materials and $66,780 for conversion. During the month, Smithers issued $146,400 of direct materials and incurred $206,720 of conversion costs.

Required:

Smithers Ltd uses FIFO method of process costing.

a. Calculate the physical flow as well as the equivalent units for DM, Conversion, and Total.

b. Also, calculate cost per equivalent unit. Use the following tabular format to answer the question.