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UNITS: beginning WIP inventory (20% complete as to CC) 5,000 units started 20,000 units completed and transferred out 15,000 ending WIP inventory (Mat 100%, CC
UNITS: | |
beginning WIP inventory (20% complete as to CC) | 5,000 |
units started | 20,000 |
units completed and transferred out | 15,000 |
ending WIP inventory (Mat 100%, CC 50% complete) | 10,000 |
Costs: | |
beginning inventory | |
materials | $ 4,000 |
CC | $ 1,000 |
Current period: | |
materials | $ 16,000 |
CC | $ 4,000 |
All materials are added at the beginning of the process | |
Please show the calculations! doing it in excel!
1. What is your products equivalent units (EUP) for Mat & CC using weighted average? --> | Materials EUP = ? | CC EUP = ? |
2. What is your products equivalent units (EUP) for Mat & CC using FIFO? --> | Materials EUP = ? | CC EUP = ? |
3. What is your products cost per equivalent unit (EUP) for Mat & CC using weighted average? --> | Materials cost per EUP = ? | CC cost per EUP = ? |
4. What is your products cost per equivalent unit (EUP) for Mat & CC using FIFO? --> | Materials cost per EUP = ? | CC cost per EUP = ? |
5. What is your products cost of ending WIP inventory using weighted average? --> | End MAT cost in WIP = ? | End CC cost in WIP = ? |
6. What is your products cost of ending WIP inventory using FIFO? --> | End MAT cost in WIP = ? | End CC cost in WIP = ? |
Check figures: | ||
weighted average | FIFO | |
your products total cost (Mat & CC) per equivalent unit is: | $ 1.05 | $ 1.01 |
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