Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 13,000 units Direct materials: 100% complete Conversion: 40% complete $ 26,000 10,400 $ 36,400 Balance in work-in-process, June 1 Units started during June 32,600 32,600 13,000 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 $ 65,200 Direct labor 65,200 91,280 $ 156,480 Applied overhead Total conversion costs Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (R Weighted Average Cost FIFO Cost per EU per EU Direct materials Conversion Total cost
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 13,000 units Direct materials: 100% complete Conversion: 40% complete $ 26,000 10,400 $ 36,400 Balance in work-in-process, June 1 Units started during June 32,600 32,600 13,000 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 $ 65,200 Direct labor 65,200 91,280 $ 156,480 Applied overhead Total conversion costs Required: 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (R Weighted Average Cost FIFO Cost per EU per EU Direct materials Conversion Total cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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