Solution-Compute the cost per equivalent unit

Compute the cost per equivalent unit

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Reference no: EM132473349

Question - Pablo Company calculates the cost for an equivalent unit of production using process costing.

Data for June
Work-in-process inventory, June 1: 10,000 units
Direct materials: 100% complete	$20,000
Conversion: 40% complete	8,000
Balance in work-in-process, June 1	$28,000
Units started during June	26,000
Units completed and transferred out	26,000
Work-in-process inventory, June 30	10,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials	$44,200
Conversion costs
Direct labor	44,200
Applied overhead	65,000
Total conversion costs	$109,200

Required - Compute the cost per equivalent unit for both the weighted-average and FIFO methods.

Reference no: EM132473349

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Compute the cost per equivalent unit

Reference no: EM132473349

Reference no: EM132473349

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