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What are the cost per equivalent unit for materials

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Reference no: EM132506919

"Hayek Corporation uses the FIFO method in its process costing. The following data concern the company's Mixing Department for the month of August.

                                                                                                            Materials             Conversion

Work in process, August 1                                                       $31,734                  $30,320

Cost added to production in the Mixing Department during August   $91,332                 $81,864

Equivalent units of production for August                                       7,740                        7,580

Required:

Question 1: What are the cost per equivalent unit for materials and the cost per equivalent for conversion for the Mixing Department for August using the FIFO method?"

Reference no: EM132506919

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