State Pen Company uses a process costing system. The following information relates to one month's activity in the company's Mixing Department.

		Units		Conversion Percent Complete
Beginning work-in-process inventory		10,000			20	%
Units started		21,000
Units completed and transferred out		26,000
Ending work-in-process inventory		5,000			80	%

The conversion cost of the beginning inventory was $6,500. During the month, $112,000 in additional conversion cost was incurred.

Required:

a. Assume that the company uses the FIFO method. Compute:

1. The equivalent units of production for conversion for the month.

2. The cost per equivalent unit for conversion for the month.

3. The total cost transferred out during the month.

4. The cost assigned to the ending work-in-process inventory.

b. Assume that the company uses the weighted-average cost method. Compute:

1. The equivalent units of production for conversion for the month.

2. The cost per equivalent unit for conversion for the month.

3. The total cost transferred out during the month.

4. The cost assigned to the ending work-in-process inventory.