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A D E H I need help calculating Weighted Average and FIFO for: Materials & CC EUP, Materials & CC Cost per EUP, and Ending
A D E H I need help calculating Weighted Average and FIFO for: Materials & CC EUP, Materials & CC Cost per EUP, and Ending Materials & CC Cost for WIP. Please explain calculations in detail. Thank you! D E BASE DATA: UNITS: |Beginning WIP Inventory (20% complete Units started 5,000 as to CC) 20,000 Units completed and transferred out Ending WIP Inventory (Mat 100 %, CC 50 % complete) 15,000 10,000 Costs: Beginning inventory: Materials S 4,000 S 1,000 Current period: Materials 16,000 4,000 S All materials are added at the beginning of the process WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: What is your Product's Equivalent units (EUP) for Mat & CC using Weighted Average? CC EUP Materials EUP Record your answers here What is your Product's Equivalent units (EUP) for Mat & CC using FIFO? Materials EUP CC EUP Record your answers here What is your Product's Cost per Equivalent unit (EUP) for Mat & CC using Weighted Average? Materials Cost per EUP CC Cost per EUP Record your answers here What is your Product's Cost per Equivalent unit (EUP) for Mat & CC using FIFO? Materials Cost per EUP CC Cost per EUP Record your answers here What is your Product's Cost of ending WIP inventory using Weighted Average? End MAT cost in WIP End CC cost in WIP Record your answers here What is your Product's Cost of ending WIP inventory using FIFO? End MAT cost in WIP End CC cost in WIP Record your answers here Check Figures
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