To compute an equivalent unit of production, one must be able to reasonably estimate A) The percentage of completion. B) Units completed c) Units started and completed. D) Direct labor cost. E) Materials cost. s. Use the following information to answer questions 6 and 7 R. A. Mona Enterprises manufacturing process in the Cutting Department. Conversion costs are manufactures shoes for men. All materials are introduced at the beginning of the incurred uniformly throughout the As the cutting of material is completed, the pieces are immediately transferred to Information the Sewing Department. for the Cutting Department for the month of May 2013 follows Goods in Process, April 30 50,000 units 100% complete for direct materials, 40% complete for conversion costs actual costs of direct materials was $70,500, actual conversion costs were $34,050 Units started in May 225,000 Units completed in May Goods in Process, May 31 75,000 units 100% complete for direct materials; 20% complete for conversion costs Direct materials added in May $342,000 actual costs $352,950 actual costs Conversion costs added in May If R. A. Mona Enterprises uses the FIFO method of process costing, the equivalent units of work completed in May 2013 were: 6. Conversion Costs A) B) C) D) E) Direct Materials 225,000 200,000 275,000 225,000 200,000 225,000 195,000 200,000 195,000 200,000 If R. A. Mona Enterprises uses the FIFO method of process costing, the costs per equivalent unit for May 2013 were . Conversion Costs Direct Materials A) B) C) D) E) A) $1.52 B) $1.50 C) $1.83 D) $1.71 E) $3.30 $1.81 $1.76 $1.72 $1.81 $3.30