At Pablo Company, direct materials (DM) are added at the start of the process and...
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Accounting
At Pablo Company, direct materials (DM) are added at the start of the process and conversion costs (CC) are added evenly during the process. Company is using FIFO Method. The following is given for a cooking department for month of May:
| Physical Units | |
| Beginning Work in process inventory (CC 75% complete) | 12,000 |
| Units started during current month | 74,000 |
| Units completed and transferred out during current month: | 65,000 |
| Ending Work in process inventory (CC 80% complete) | 18,000 |
Inspection occurs when production is 100 percent completed. Normal spoilage is 4 percent of good units that successfully pass the inspection point in current month. The following cost data are available:
| Beginning Work in Process Costs: DM $216,000; CC $27,000 |
| Costs added during current period: DM $1346,800; CC $234,880 |
What is the equivalent units for direct materials for May?
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