Solution-Compute cost per equivalent unit for fifo

Compute cost per equivalent unit for fifo

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Reference no: EM132502535

Pablo Company calculates the cost for an equivalent unit of production using process costing.

Work in process inventory, June 1:      30,000 units
Direct Materials: 100% complete        $60,000
Conversion: 40% complete              $24,000
Balance in work-in-process, June 1         $84,000
Units started during June                       70,000
Units completed and transferred out           70,000
Work-in-process inventory, June 30          30,000
Direct materials: 100% complete
Conversion: 80% complete

Costs incurred during June

Direct materials                              $120,000
Conversion costs
Direct Labor                                   $120,000
Applied overhead                              $180,000
Total conversion costs                        $300,000

Question 1. Compute cost per equivalent unit for both the weighted average and FIFO methods

Reference no: EM132502535

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Compute cost per equivalent unit for fifo

Reference no: EM132502535

Reference no: EM132502535

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