Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units. Direct materials: 100 % complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100 % complete Conversion: 80% complete Costs incurred during June Direct materials. Conversion costs. Direct labor Applied overhead Total conversion costs. Direct materials $ 42,000 16,800 $ 58,800 Weighted Average Cost per EU 50,200 50,200 21,000 Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) $140,560 140,560 180,720 $321,280 FIFO Cost per EU
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 21,000 units. Direct materials: 100 % complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100 % complete Conversion: 80% complete Costs incurred during June Direct materials. Conversion costs. Direct labor Applied overhead Total conversion costs. Direct materials $ 42,000 16,800 $ 58,800 Weighted Average Cost per EU 50,200 50,200 21,000 Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) $140,560 140,560 180,720 $321,280 FIFO Cost per EU
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 15E: Costs per equivalent unit and production costs Based on the data in Exercise 17-14, determine the...
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