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I need calculation, please Exercise 6-34 Equivalent Units; Weighted-Average and FIFO Equivalent Unit Cost [LO 6-2, 6-3, 6-4, 6-5] 2 points Pablo Company calculates the
I need calculation, please
Exercise 6-34 Equivalent Units; Weighted-Average and FIFO Equivalent Unit Cost [LO 6-2, 6-3, 6-4, 6-5] 2 points Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 27,000 units Direct materials: 100% complete Conversion: 40% complete Balance in work-in-process, June 1 Units started during June Units completed and transferred out Work-in-process inventory, June 30 Direct materials: 100% complete Conversion: 80% complete Costs incurred during June Direct materials Conversion costs Direct labor Applied overhead Total conversion costs $ 54,000 21,600 $ 75,600 63,400 63,400 27,000 $215,560 215,560 266, 280 $481, 840 Required: 1. Compute the cost per equivalent unit for both the weighted average and FIFO methods. (Round your answers to 3 decimal places.) Required: 1. Compute the cost per equivalent unit for both the weighted average and FIFO methods. (Round your answers to 3 decimal places.) Answer is complete but not entirely correct. Weighted Average Cost FIFO Cost per EU per EU Direct materials $ 2.982 $ 3.391 x Conversion $ 8.308 X 5.923 $ 8.905 $ Total cost $ 11.699Step by Step Solution
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