The Smith Company Manufactures a Product That Goes Through Two

The Smith Company manufactures a product that goes through two departments prior to completion.The following information is available on work in one of these departments,the Forming Department,during March:

Cost in the beginning work-in-process inventory and cost added during the month were as follows:
$\begin{array}{|l|r|r|}\hline & \text { Materials } & \text { Conversion } \\\hline \text { Work in process, March 1 } & \$ 42,190 & \$ 38,000 \\\hline \text { Cost added during March } & \$ 440,810 & \$ 394,000 \\\hline\end{array}$
The Forming Department is the first department in the production process; after forming has been completed,the units are transferred to the Finishing Department.
Required:
a)Assuming the company uses the weighted-average method,calculate the equivalent units and unit cost for materials and conversion costs,rounded to the nearest tenth of a cent.
b)(Appendix 6A)Assuming the company uses the FIFO method,calculate the equivalent units and unit cost for materials and conversion costs,rounded to the nearest tenth of a cent.