Use the information in Exercise E6-27 except assume that BeGone uses FIFO process costing. Prepare a schedule showing the BeGone August computation of FIFO equivalent units of production and cost per equivalent unit.

Data From Exercise E6-27:-

BeGone manufactures spray cans of insect repellent. On August 1 , the company had 9,800 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other materials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 81,500 units in the manufacturing process. Ending WIP Inventory included 4,600 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows:

Prepare a schedule showing the BeGone August computation of weighted average equivalent units of production and cost per equivalent unit.

Transcribed Image Text:

Beginning WIP Inventory Canisters .... Other direct materials. .......... $ 6,535 6,174 Direct labor.. 5,594 Overhead.. 1,070 August costs Canisters.... 61,940 Other direct materials. 86,793 Direct labor.... 82,026 Overhead.. 160,176