Reference no: EM132502448
Pablo Company calculates the cost for an equivalent unit of production using process costing.
Data for JuneWork-in-process inventory,
June 1: 15,000 unitsDirect materials: 100% complete$30,000
Conversion: 40% complete 12,000
Balance in work-in-process, June 1$42,000 Units started during June 37,000
Units completed and transferred out 37,000
Work-in-process inventory, June 30 15,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June Direct materials$81,400
Conversion costs Direct labor 81,400
Applied overhead 111,000
Total conversion costs$192,400
Required:
Question 1. Compute the cost per equivalent unit for both the weighted-average and FIFO methods. (Round your answers to 3 decimal places.)