UESTION Hollywood North Magic, a cosmetic manufacturer, began operations in January with 2,000 litres of product in beginning inventory that was 40% complete. The beginning inventory consisted of $1,790 of direct mate als and $2.389 of conversion costs. During January $75,000 of direct materials and $95,000 of conversion costs were added to work in process. 30,000 litres of cosmetics were started and 8,000 litres were unfinished at the end of the month. Ending work-in-process was 45% completed. All inputs are added evenly throughout the production process Calculate the equivalent units for conversion costs in January using the FIFO method. 24.000 litres 26,700 litres 26,800 litres 32,000 litres QUESTION 9 Hollywood North Magic, a cosmetic manufacturer, began operations in January with 2,000 itres of product in beginning % complete The beginning inventory consisted of $1.790 of direct materials and $2,389 of conversion of conversion costs were added to work in process. 30,000 inventory that was 40 costs. During January $75,000 of direct materials and $95,000 litres of cosmetics were started and 8,000 litres were unfinished at the end of the month. Ending work-in-process was 45% completed. All inputs are added evenly throughout the production process What is the direct materials cost per equivalent unit in January using the FIFO method. (Round to the nearest $0.01) $2.00 $3.54 $2.25 $2.80