What is the cost per equivalent unit for january

Reference no: EM133371065

Question: John Lasseter manufactures toys on a highly automated assembly line. John uses a costing system that has two cost categories: direct materials and conversion costs. Direct materials are added at the beginning of the production process and Conversion costs are allocated evenly throughout production.

John provides the following data for January 2022:

Work in process, beginning inventory: 250 units (Direct materials 100% complete; Conversion costs 40% complete)
Work in process, ending inventory: 150 units (Direct materials 100% complete; Conversion costs 75% complete)
Units started during January 2022: 800 units
Costs for January 2022:

Work in process, beginning inventory (actual): Direct materials $18,000 Conversion costs $27,000 Direct materials costs added during January 2022 $89,100 Conversion costs added during January 2022 $98,550

Data for standard costing: Direct materials $1,150 per unit Conversion costs $1,250 per unit

1-If John Lasseter uses weighted-average actual costing, what are the equivalent units for direct materials and conversion costs, respectively, for January? Show your working

2-If John Lasseter uses weighted-average actual costing, what is the cost per equivalent unit for January? Show your working

Reference no: EM133371065

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