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Compute what are the cost per equivalent unit for materials

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Reference no: EM132721021

Hayek Corp uses FIFO method in its process costing. The following data concern the company's mixing department for the month.

Work in process, Aug 1 $31,734 materials $30,320 conversion
Cost added to production in Aug $91,332 materials $81,864 conversion
Equivalent units of production Aug 7,740 materials 7,580 conversion

Problem 1: What are the cost per equivalent unit for materials and the cot per equivalent for conversion for the mixing dept for Aug using FIFO?

Reference no: EM132721021

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