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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 $7,560 Conversion costs 1,830 Total current costs FIFO WEIGHTED AVERAGE Materials Conversion Total Materials Conversion Total Numerator (costs) Denominator (equivalent units) Unit Cost Calculate the cost of goods transferred out and the cost of EWIP for both FIFO and Weighted Average by completing the following Tables (Round unit cost to two decimal places.): FIFO Costs, BWIP Cost to Complete BWIP Cost of Goods Started and Completed Cost of Goods Transferred Out O Weighted Average Cost of Goods Transferred Out $ Total Cost of EWIP FIFO Materials Conversion Equivalent units in EWIP Unit cost Cost of EWIP Total Cost of EWIP Weighted Average Materials Conversion Equivalent units in EWIP Unit cost Cost of EWIP Show that the costs to account for equal the costs assigned for both FIFO and Weighted Average by completing the following information. Costs to account for: Costs BWIP Costs added (current) 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 $7,560 Conversion costs 1,830 Total current costs FIFO WEIGHTED AVERAGE Materials Conversion Total Materials Conversion Total Numerator (costs) Denominator (equivalent units) Unit Cost Calculate the cost of goods transferred out and the cost of EWIP for both FIFO and Weighted Average by completing the following Tables (Round unit cost to two decimal places.): FIFO Costs, BWIP Cost to Complete BWIP Cost of Goods Started and Completed Cost of Goods Transferred Out O Weighted Average Cost of Goods Transferred Out $ Total Cost of EWIP FIFO Materials Conversion Equivalent units in EWIP Unit cost Cost of EWIP Total Cost of EWIP Weighted Average Materials Conversion Equivalent units in EWIP Unit cost Cost of EWIP Show that the costs to account for equal the costs assigned for both FIFO and Weighted Average by completing the following information. Costs to account for: Costs BWIP Costs added (current)
