Reference no: EM132697872

Coco Cola produces bottle sodas in its manufacturing plant. Direct materials are introduced at the beginning of the period and conversion costs are applied consistently throughout the process. Data for the current period are as follows:

Beginning work in process inventory: 90,000 units (Completion: 60% for conversion cost) Units started in current period 130,000 units Ending work in process inventory:

76,000 units (Completion: 40% for conversion cost)

Costs contained in beginning work in process inventory Direct materials $610,000 Conversion costs $478,000

Costs added during current period Direct materials $2,470,000 Conversion costs $3,010,000.

Problem a. Using the weighted average cost flow assumption: determine the equivalent unit cost, work in progress for direct material and conversion cost.

Problem b. Using the FIFO cost flow assumption: determine the equivalent unit cost, work in progress for direct material and conversion cost.