Chapter 8, Problem 29E

Compute Equivalent Units and Cost per Equivalent Unit: Weighted-Average Method

Refer to the data in Exercise 8-28. Cost data for November show the following:

Required

1. a.      Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.
2. b.      Compute the cost per equivalent unit for materials and conversion costs for November.

8-28 Compute Equivalent Units: FIFO Method

Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the physical flow of units is available for the month of November:

Required

Compute the equivalent units for the conversion cost calculation.