Exercise 6-23 (Algorithmic)

WA & FIFO EUP

On April 30, 2013, Leander Co. had 23,900 units in process that were 80 percent complete as to material, 60 percent complete as to direct labor, and 40 percent complete as to overhead. During May, 547,700 units were started. The 14,500 units in ending inventory were 80 percent complete as to material, 35 percent complete as to direct labor, and 10 percent complete as to overhead.

a. Calculate the physical units to account for in May.

units

b. How many units were started and completed during May?

units

c. Determine May's EUP for each category using the weighted average method.

	Equivalent Units
Direct Material (DM)
Direct Labor (DL)
Overhead (OH)

d. Determine May's EUP for each category using the FIFO method.

	Equivalent Units
Direct Material (DM)
Direct Labor (DL)
Overhead (OH)

e. Reconcile your answers to parts (c) and (d).

	Equivalent Units
	Weighted Average Method	Equivalent units in BI	FIFO Method
Direct Material (DM)
Direct Labor (DL)
Overhead (OH)

Exercise 6-23 (Algorithmic) WA & FIFO EUP On April 30, 2013, Leander Co. had 23,900 units in process that were 80 percent complete as to material, 60 percent complete as to direct labor, and 40 percent complete as to overhead. During May, 547,700 units were started. The 14,500 units in ending inventory were 80 percent complete as to material, 35 percent complete as to direct labor, and 10 percent complete as to overhead. a. Calculate the physical units to account for in May. units b. How many units were started and completed during May? units c. Determine May's EUP for each category using the weighted average method. Equivalent Units Direct Material (DM) Direct Labor (DL) Overhead (OH) d. Determine May's EUP for each category using the FIFO method. Equivalent Units Direct Material (DM) Direct Labor (DL) Overhead (OH) e. Reconcile your answers to parts (c) and (d). Equivalent Units Weighted Equivalent Average Method units in BI Direct Material (DM) Direct Labor (DL) Overhead (OH) FIFO Method