Reference no: EM132617362

Kimbos Glass Company manufactures decorative glass bowls. The following data relate to May's operations:

Work in process, 1 May:

Direct material            $21,600

Conversion                 20,150

Costs incurred during May:

Direct material         $67,500

Conversion               95,000

The equivalent units of activity for May were as follows: 8 250 equivalent units of direct material, and 23 500 equivalent units of conversion activity.

Required:

Problem 1: Calculate the cost per equivalent unit for both direct material and conversion during May. Use weighted average process costing.