dont owrry about the current cost one, that is in a different post.

Apply the Concepts: FIFO and Weighted Average Scenario 1: Dormir produces a liquid herbal sleep remedy. Production begins in the Blending Department. All materials are added at the beginning of the blending process. Output is measured in ounces. The production data for June are as follows: Production: Units in process, June 1, 70% complete* Units completed and transferred out 6,000 36,000 Units in process, June 30, 40% complete 12,000 * With respect to conversion cost Complete the physical flow schedule given below. There are a number of useful relationships. For example, Units Started and Completed = and Units Started = Units to Account for: Units in BWIP Units started Total units to account for Units accounted for: Units Completed: From: WIP Started and completed Units in EWIP Total units accounted for Prepare the Equivalent Unit Schedules for FIFO and Weighted Average by completing the Table below. Since inputs are non-uniform, equivalent units must be calculated separately for calculated for materials and conversion inputs. If an amount box does not require an entry, leave it blank or enter"0" FIFO WEIGHTED AVERAGE Direct Materials Conversion Direct Materials Conversion Units Completed Units Started and Completed Units in BWIP x Fraction to Complete Units in EWIP x Fraction Complete Equivalent Units Using the following cost data for the Blending Department for the month of June, calculate the unit cost for FIFO and Weighted Average (complete the table following cost data). The unit cost is the sum of the unit materials cost and the unit conversion cost. Round unit cost to two decimal places. Costs: Work in Process, June 1: Direct materials $600 Conversion costs 210 Total work in process $810 Current costs: Direct materials 57,560