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Determine the cost per equivalent unit for materials

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Reference no: EM131807503

Problem - Sun Auto Detailers makes an environmentally sound automobile cleaner. The following data is available for the month of January.

Beginning Work in Process

Direct Materials

50%

 

Conversion Costs

50%

 

 

 

 

Ending Work in Process

Direct Materials

75%

 

Conversion Costs

65%

 

 

 

 

Cost in Beginning Work in Process

Direct Materials

$52,500

 

Conversion Costs

$28,500

 

 

 

 

Additional information:

Work in processing beginning:

 

 

Units in process

 

10,000

 

 

 

Units started into production

 

60,000

Units completed and transferred out

 

40,000

 

 

 

Work in process, ending:

Units in process

 

30,000

 

 

 

Materials costs added

 

$150,000

Conversion costs

 

$58,000

 

 

$208,000

Requirements - Using the FIFO method, determine the following. Show your work.

Cost per equivalent unit for materials and conversion costs ($/EU).

Reference no: EM131807503

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