ces Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 27,000 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 $ 54,000 21,600 $ 75,600 63,400 63,400 27,000 Direct materials Conversion Total cost $ 215,560 215,560 266,280 $481,840 Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) Weighted Average Cost FIFO Cost per EU per EU

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Pablo Company calculates the cost for an equivalent unit of production using process costing.
Data for June
Work-in-process inventory, June 1: 27,000 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
$ 54,000
21,600
Direct materials
Conversion
Total cost
$ 75,600
63,400
63,400
27,000
$ 215,560
215,560
266,280
$481,840
Required:
1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)
Weighted Average Cost FIFO Cost per EU
per EU
Transcribed Image Text:ces Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 27,000 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 $ 54,000 21,600 Direct materials Conversion Total cost $ 75,600 63,400 63,400 27,000 $ 215,560 215,560 266,280 $481,840 Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) Weighted Average Cost FIFO Cost per EU per EU
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