Lights Incorporated calculates cost for an equivalent unit o…

Lights Incorporated calculates cost for an equivalent unit of production using the FIFO method.  Data for July:   Work-in-process inventory, July 1 (36,000 units):     Direct materials (30% completed) $ 122,400   Conversion (50% completed) 76,800   Balance in work in process inventory, July 1 $ 199,200   Units started during July 90,000   Units completed and transferred 102,000   Work-in-process inventory, July 31:     Direct materials (30% completed)     Conversion (50% completed)     Cost incurred during July:     Direct materials $ 180,000   Conversion costs 288,000  What are the total equivalent units for materials under the FIFO method? 

Shyne Incorporated calculates the cost for an equivalent pro…

Shyne Incorporated calculates the cost for an equivalent production unit using the weighted average method.  Data for July:   Work-in-process inventory, July 1 (34,500 units):     Direct materials (98% completed) $ 122,900   Conversion (45% completed) 77,350   Balance in work in process inventory, July 1 $ 200,250   Units started during July 95,000   Units completed and transferred 104,500   Work-in-process inventory, July 31 (25,000 units):     Direct materials (98% completed)     Conversion (45% completed)     Cost incurred during July:     Direct materials $ 185,000   Conversion costs 265,500   Cost per equivalent unit for conversion is (keep two decimal digits)_______________