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 Direct
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% Complete13,600
Balance in work in process June 149,300
Units started during June41,400
Units completed and transferred out41,400
Work in process inventory June 3017,000
Direct Materials: 100% Complete
Conversion: 80% Complete
Cost incurred during June
Direct Materials99,360
Conversion Costs
Direct Labor99,360
Applied Overhead132,480
Total Conversion Costs231,840
1. Compute cost perequivalent unit for both the weighted average and FIFO methods?
Would you be able to help me with this quesion somebody posted that I am using to practice?
Thank you.
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