Question
Pablo company calculates the cost for an equivalent unit of production using process costing. Data for June Work in process inventory June 1: 17,000 units
Pablo company calculates the cost for an equivalent unit of production using process costing.
Data for June
Work in process inventory June 1: 17,000 units
Direct Materials: 100% Complete35,700
Conversion: 40% Complete 13,600
Balance in work in process June 1 49,300
Units started during June 41,400
Units completed and transferred out 41,400
Work in process inventory June 30 17,000
Direct Materials: 100% Complete
Conversion: 80% Complete
Cost incurred during June
Direct Materials 99,360
Conversion Costs
Direct Labor 99,360
Applied Overhead132,480
Total Conversion Costs 231,840
1. Compute cost perequivalent unit for both the weighted average and FIFO methods?
Please show your work, I will need to know how to work this type of problem. Thanks
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