6.8

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units a. All materials are added at the beginning of the process. b. Beginning work in process had 86,800 units, 40 percent complete with respect to conversion costs. c. Ending work in process had 18,800 units, 35 percent complete with respect to conversion costs. d. Started in process, 93,900 units. Required: 1. Prepare a physical flow schedule. Feedback V Check My Work 2. Compute equivalent units using the weighted average method. 3. Compute equivalent units using the FIFO method. Feedback V Check My Work a. What is the unit materials cost for the units in BWIP? Round your answers to the nearest cent. $ b. What is the unit materials cost for units produced in October? Round your answers to the nearest cent. $ Which method should be used to answer this question? Explain why the unit materials cost is not the same for weighted average and FIFO. Of the two unit calculations, costs for FIFO and WA uses only October costs and October output, so it differ. be used to calculate the unit materials cost for October. When those costs are changing from one period to the next, then the unit