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Monfort Company Had the Following Information (1) What Are Equivalent Units of Production for Materials?
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Monfort Company had the following information
% of  % of Materials  Direct Labor  Complete  & Overhead Complete  Units  Beginning Inventory 100%75%125,000 Units Started & Completed 200,000 Ending Inventory 100%60%40,000 Cost of direct materials $748,000 Conversion costs 833,400 Beginning work-in-process 148,500\begin{array}{|l|c|r|r|}\hline && \% \text { of } & \\\hline& \text { \% of Materials } & \text { Direct Labor } & \\\hline& \text { Complete } & \text { \& Overhead Complete } & \text { Units } \\\hline \text { Beginning Inventory } & 100 \% & 75 \% & 125,000 \\\hline \text { Units Started \& Completed } & & & 200,000 \\\hline \text { Ending Inventory } & 100 \% & 60 \% & 40,000 \\\hline\\\hline \text { Cost of direct materials } & \$ 748,000 \\\hline \text { Conversion costs } & 833,400 \\\hline \text { Beginning work-in-process } & 148,500 \\\hline\end{array}
(1.) What are equivalent units of production for materials?
(2.) What was the cost per equivalent unit of production for materials during the period?
(3.) What were the equivalent units of production for conversion cost?
(4.) What was the cost per equivalent unit of production for conversion costs?

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(1.) 240,0...

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