Erin company's inventory at december 1, and the costs charged to work in process—department b during december are as follows: 1,200 units, 40% completed $ 47,800 from department a, 26,000 units 845,000 direct labor 312,000 factory overhead 176,770 during december, all direct materials are transferred from department a, the units in process at december 1 were completed, and of the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. inventories are costed by the first-in, first-out method. required: prepare a cost of production report for december. round cost per equivalent unit to two decimal places and the other answers to the nearest dollar.

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2