Watties Beverages, Ltd., of Austrlia makes blended tropical fruit juice. Following information pertains to October...
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Accounting
Watties Beverages, Ltd., of Austrlia makes blended tropical fruit juice. Following information pertains to October production in the production plant, which produces and bottles fruit drinks:
| Units | Materials | Conversion | |
| Work in process, October 1 | 2,000 | 70% complete | 60% complete |
| Started in October | 10,000 | ||
| Work in process, October 30 | 4,000 | 40% complete | 25% complete |
| Costs: | |||
| Work in process October 1 | $1,050 | $3,240 | |
| Added during October | 8,200 | 22,620 | |
Required
- Calculate cost per equivalent unit for materials and conversion for October and the total cost per equivalent unit using FIFO method (Round to two digits after the decimal point where necessary). Show your calculations.
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