Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pablo company calculates the cost for an equivalen

Pablo Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process...

60.1K

Verified Solution

Question

Accounting

Pablo Company calculates the cost for an equivalent unit ofproduction using process costing.

Data for June
Work-in-process inventory, June 1: 12,000units
Direct materials: 100% complete$24,000
Conversion: 40% complete9,600
Balance in work-in-process, June 1$33,600
Units started during June30,400
Units completed and transferred out30,400
Work-in-process inventory, June 3012,000
Direct materials: 100% complete
Conversion: 80% complete
Costs incurred during June
Direct materials$57,760
Conversion costs
Direct labor57,760
Applied overhead82,080
Total conversion costs$139,840

Required:

1. Compute the cost per equivalent unit for both theweighted-average and FIFO methods. (Round your answers to 3decimal places.)

Weighted Average Cost per EU FIFO Cost Per EU

Direct Materials

Conversion

Total cost

Answer & Explanation Solved by verified expert
3.7 Ratings (455 Votes)
The answer has been    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

. Create a profitable pricing strategy for the following product and situation. Select a price point...

Physics
1.2K views

Along a number line, there exist 2 charged objects. At x = 8 m, there is...

Biology
1.2K views

ent of cash flows The following cash data for the year ended December 31 were...

Physics
1.2K views

A light inextensible string carrying a spring as shown is passed over two smooth fixed...

Physics
1.2K views

Morning breakfast gives 5000 cal to a 60 kg person The efficiency of person is...

Basic Math
1.2K views

Express the following equation as a function y f x 3xy 4y 1

Basic Math
1.2K views

Suppose that 22% of all steel shafts produced by a certain process are nonconforming but...

Algebra
1.2K views

24 Liability insurance only covers bodily injury to others and damage caused to the vehicles...

Algebra
1.2K views

Let and A 3 1 50 1 3 1 3 21 0 40 0 4...

Accounting
1.2K views

Paul believes the restaurant could greatly improve its profitability by reducing the complexity...

Accounting
1.2K views

Problem 13-7 Various liabilities (LO13-4, 13-5, 13-6, 13-7] HolmesWatson (HW) is considering what the effect...

Accounting
1.2K views

Briefly describe an organization with which you are familiar. Describe a situation when a manager...