23. (Cost per EUP; weighted average & FIFO) Garden Edges manufactures concrete garden border sections. May 2001 production and cost information are as follows:

All material is added at the beginning of processing.

a. What is the total cost to account for?

b. Using weighted average process costing, what is the cost per equivalent unit for each cost component?

c. Using FIFO process costing, what is the cost per equivalent unit for each cost component?

d. How many units were in beginning inventory and at what percentage of completion was each cost component?

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WA EUP: Direct material 40,000 sections Direct labor Overhead 38,000 sections 37,500 sections FIFO EUP: Direct material 30,000 sections Direct labor 31,000 sections Bl costs: Overhead Direct material 33,000 sections $ 5,300 Direct labor 1,580 Overhead 3,630 Current period costs: Direct material $13,500 Direct labor 8,680 Overhead 21,120