Toyland company Producers a small plastic toy. All direct materials are added at the beginning of the production process. Data for the direct materials used in the manufacture of plastic toys for the month of July is listed below. Production data: Beginning work in process 25,000 units Units started during the period 50,000 units Completed and transferred out 67,500 units Manufacturing costs: Beginning work in process (direct materials) $35,000 Direct material used $75,000

a. Under the FIFO method, how many units were started and completed with respect to direct materials during the month?

b. Under the FIFO method, what is the cost of the direct materials in ending work in process at the end of the month?

c. Under the FIFO method, what is the amount of direct materials cost transferred out this period?

d. Calculate the direct materials cost per equivalent unit under the weighted average method.