Please do not give solution in image format thanku Pablo Company calculates the cost for anequivalent unit of production using processcosting. Data for June Work-in-processinventory, June 1: 30,000 units Directmaterials: 100% complete $ 60,000Conversion: 40% complete 25,000 Balancein work-in-process, June 1 $ 85,000 Unitsstarted during June 70,000 Unitscompleted and transferred out 70,000Work-in-process inventory, June 30 30,000Direct materials: 100% completeConversion: 80% complete Costs incurredduring June Direct materials $ 122,500Conversion costs Direct labor 119,720Applied overhead 179,580 Total conversioncosts $299,300 Required: 1. Compute thecosts per equivalent unit for both theweighted-average and FIFO methods

Conversion costs refer to the cost spent by the company to convert the raw materials into finished…

Answered: Pablo Company calculates the cost for…

Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 30,000 units Direct materials: 100% complete $ 60,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 2E: Precision Inc. manufactures wristwatches on an assembly line. The work in process inventory as of...

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Question

Please do not give solution in image format thanku

Pablo Company calculates the cost for an
equivalent unit of production using process
costing. Data for June Work-in-process
inventory, June 1: 30,000 units Direct
materials: 100% complete $ 60,000
Conversion: 40% complete 25,000 Balance
in work-in-process, June 1 $ 85,000 Units
started during June 70,000 Units
completed and transferred out 70,000
Work-in-process inventory, June 30 30,000
Direct materials: 100% complete
Conversion: 80% complete Costs incurred
during June Direct materials $ 122,500
Conversion costs Direct labor 119,720
Applied overhead 179,580 Total conversion
costs $299,300 Required: 1. Compute the
costs per equivalent unit for both the
weighted-average and FIFO methods

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