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Compute the cost per equivalent unit

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

Data for June

Work-in-process inventory, June 1: 12,000 units

Direct materials: 100% complete $24,000

Conversion: 40% complete 9,600

Balance in work-in-process, June 1 $33,600

Units started during June 30,400

Units completed and transferred out 30,400

Work-in-process inventory, June 30 12,000

Direct materials: 100% complete

Conversion: 80% complete

Costs incurred during June

Direct materials $57,760

Conversion costs

Direct labor 57,760

Applied overhead 82,080

Total conversion costs $139,840

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

Reference no: EM132474085

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