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
Related questions
Question
![Pablo Company calculates the cost for an equivalent unit of production using process cost
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
55
5.630
5.630
$ 188,800
188,800
236,000
$ 424,800
FIFO Cost per EU
$
$ 50,000
20,000
$ 70,000
59,000
59,000
25,000
3.200
3.200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70218199-4005-49f0-a47b-9909de777322%2F0370bff8-25a8-447e-9502-e7348a03fb41%2Fu3chyh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pablo Company calculates the cost for an equivalent unit of production using process cost
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
55
5.630
5.630
$ 188,800
188,800
236,000
$ 424,800
FIFO Cost per EU
$
$ 50,000
20,000
$ 70,000
59,000
59,000
25,000
3.200
3.200
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