Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 16,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June $32,000 12,800 $44,800 39,200
Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 16,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June $32,000 12,800 $44,800 39,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Pablo Company calculates the cost for an equivalent unit of production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000 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
$ 32,000
12,800
$
$ 44,800
39,200
39,200
16,000
$ 90,160
Required:
1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)
90,160
0.000 $
121,520
$ 211,680
FIFO Cost per EU
0.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff4e2ad42-059b-46fa-851c-541026be99d2%2Faada7202-3307-4605-85d2-7fa2731ede97%2Fazpig3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pablo Company calculates the cost for an equivalent unit of production using process costing.
Data for June
Work-in-process inventory, June 1: 16,000 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
$ 32,000
12,800
$
$ 44,800
39,200
39,200
16,000
$ 90,160
Required:
1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)
90,160
0.000 $
121,520
$ 211,680
FIFO Cost per EU
0.000
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