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Compute the cost per equivalent unit

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

Data for June

Work-in-process inventory, June 1: 17,000 units

Direct materials: 100% complete $34,000

Conversion: 40% complete 13,600

Balance in work-in-process, June 1 $47,600

Units started during June 41,400

Units completed and transferred out 41,400

Work-in-process inventory, June 30 17,000

Direct materials: 100% complete

Conversion: 80% complete

Costs incurred during June

Direct materials $99,360

Conversion costs

Direct labor 99,360

Applied overhead 132,480

Total conversion costs $231,840

Required - Compute the cost per equivalent unit for both the weighted-average and FIFO methods.

Reference no: EM132807380

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