Pablo Company calculates the cost for an equivalent unit of production using process ce Data for June Work-in-process inventory, June 1: 25,000 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 Conversion Total cost Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods places.) Answer is not complete. Weighted Average Cost per EU $ $ 5.630 5.630 FIFO Cost per EU $ $ 188,800 188,800 236,000 $ 424,800 $ 50,000 20,000 $ 70,000 3.200 59,000 59,000 25,000 3.200
Pablo Company calculates the cost for an equivalent unit of production using process ce Data for June Work-in-process inventory, June 1: 25,000 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 Conversion Total cost Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods places.) Answer is not complete. Weighted Average Cost per EU $ $ 5.630 5.630 FIFO Cost per EU $ $ 188,800 188,800 236,000 $ 424,800 $ 50,000 20,000 $ 70,000 3.200 59,000 59,000 25,000 3.200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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