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The following dashboard shows information for the direct materials costs of a company's first production process for two consecutive months. The company uses the
The following dashboard shows information for the direct materials costs of a company's first production process for two consecutive months. The company uses the weighted average method. May $70,000 June $62,000 $0 Direct Materials Costs $450,000 $438,000 May June Equivalent Units of Production 27,000 5,000 26,250 5,000 $300,000 $400,000 $500,000 Costs added this period 0 5,000 10,000 15,000 EUP-Completed and transferred out 20,000 25,000 30,000 EUP-Ending work in process $100,000 $200,000 Costs of beginning work in process Enter answers for each of the following tabs. Required 1 Required 2 Required 3 Based on cost per equivalent unit, did the company better control direct materials costs In May or in June? < Required 2 Required 3 >
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