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Rick Company applies the FIFO method of process costing. The Molding Department reported the following information...

Rick Company applies the FIFO method of process costing. The Molding Department reported the following information for March.

                                                                  Physical         Percent complete with     Percent complete with

                                                                    Units              respect to materials        respect to conversion

Work in process, March 1                         12,000                  80%                                     70%

Units started                                              20,000

Units completed and transferred out         28,000

Work in process, March 31                         4,000                   40%                                      30%

Costs for March                                    Materials             Conversion

Work in process, March 1                     $70,000                 $100,000

Added during the month                       $150,000                $174,720                

Compute the cost per equivalent unit for materials, cost per equivalent unit for conversion, and cost of units started and completed.

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