Refer to E3-12 for information regarding Arboles Company.

Required:
Complete all requirements for E3-12 using the FIFO method of process costing.
1. Reconcile the number of physical units worked on during the period.
2. Calculate the number of equivalent units.
3. Calculate cost per equivalent unit, rounded to five decimal places.
4. Reconcile the total cost of work inprocess.

Transcribed Image Text:

Work in process, July 1 (100% complete for materials, 60% for conversion) 75,000 units 5,000 $17,500 Direct materials Conversion cost Number of units started 100,000 units July costs Direct materials Conversion cost $6,500 $24,000 Work in process, July 31 (100% complete for materials, 10% for conversion) 70,000 units