The following information relates to Questions 4 to 7

Beta Company uses a process-costing system to manufacture a computer component. The following information pertains to operations for the month of March 2022.

	Units
Beginning work-in-process inventory, 1 March	12,000
Started in production during March	120,000
Completed production during March	110,000
Ending work-in-process inventory, 31 March	22,000

Material is added at the beginning of the process,and the beginning inventory was 70% complete for conversion costs and the ending inventory was 30% complete for conversion costs.

Costs pertaining to the month of March are as follows.

Beginning inventory costs are: materials, $65,750; direct labour $25,500; and factory overhead, $12,500.

Costs incurred during March are: materials used, $125,000; direct labour, $210,700; and factory overhead, $296,300.

Question 6

If Beta Company uses the first-in-first-out (FIFO) process costing method, compute the material cost per equivalent unit for the month of March.

a. $0.95

b. $1.04

c. $1.45

d. $1.59

e. None of theanswers.

Question 7

If Beta Company uses thefirst-in-first-out (FIFO) process costing method, computethe conversion cost per equivalent unit for the month of March.

a. $2.65

b. $2.81

c. $4.13

d. $4.49