book: Fundamentals of cost accounting

chapter 8 : process costing

Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the physical flow of units is available for the month of November:

Beginning work in process (52% complete)	58,000
Started in November	570,000
Completed in November and transferred out	545,000
Ending work in process (55% complete)	83,000

Cost data for November show the following:

Beginning WIP inventory
Direct materials costs	$	32,300
Conversion costs		57,700
Current period costs
Direct materials costs	$	330,950
Conversion costs		1,209,550

Required:

a. Compute the cost equivalent units for the conversion cost calculation assuming Campo uses the weighted-average method.

b. Compute the cost per equivalent unit for materials and conversion costs for November. (Round your answers to 2 decimal places.)