88) The Assembly Department of Watts Speakers began June with no work in process inventory. During the month, production that cost $68,595 (direct materials, $19,635, and conversion costs, $48,960)...

88) The Assembly Department of Watts Speakers began June with no work in process inventory. During the month, production that cost $68,595 (direct materials, $19,635, and conversion costs, $48,960) was started on 58,000 units. Watts completed and transferred to the Testing Department a total of 40,000 units. The ending work in process inventory was 37.5% complete as to direct materials and 80% complete as to conversion costs.

Required:

A.
Compute the equivalent units for direct materials and conversion costs.

B.
Compute the cost per equivalent unit.