Stocks Corporation has the following information available for June of the current year:

Beginning WorkinProcessInventory(20% complete as to conversion)12,000units

Started150,000units

EndingWork inProcessInventory(25% complete as to conversion)35,000units

BeginningWork inProcessInventoryCosts:

Material$ 2,500

Conversion2,650

CurrentPeriodCosts:

Material$ 36,000

Conversion112,750

All material is added at the start of production and all products completed are transferred out.

a. Refer to Stocks Corporation. Prepare a schedule showing the computation for cost per equivalent unit assuming FIFO

b. Refer to Stocks Corporation. Prepare a schedule showing the assignment of costs assuming FIFO.