Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 15,000 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 Weighted Average Cost per EU Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) $ $ 30,000 12,000 $ 42,000 0.000 $ 37,000 37,000 15,000 $81,400 81,400 111,000 $ 192,400 FIFO Cost per EU 0.000

Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 15,000 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 Weighted Average Cost per EU Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.) $ $ 30,000 12,000 $ 42,000 0.000 $ 37,000 37,000 15,000 $81,400 81,400 111,000 $ 192,400 FIFO Cost per EU 0.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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