Widget Company uses a process costing system. The following information relates to one month's activity in the company's Curing Department. The conversion cost of the beginning inventory was $6,500. During the month, $112,000 in additional conversion cost was incurred. Required: a. Assume that the company uses the FIFO method. Compute: 1. The equivalent units of production for conversion for the month. 2. The cost per equivalent unit for conversion for the month.

Conversion Percent Complete Units Beginning work in process inventory Units started Units completed and transferred out Ending work in process inventory 10,000 20% 21,000 26,000 5,000 80%