Question: c . Compare the total cost per EUP in part a under the WA method to the total cost per EUP in part b under
c Compare the total cost per EUP in part a under the WA method to the total cost per EUP in part b under the FIFO method. Based on this comparison, is the beginning inventory cost per EUP higher or lower than the EUP for current period costs? Does this indicate prices are rising or falling?
MaterialLaborOverheadWeighted Average WA method:Answer Answer Answer FIFO method:Answer Answer Answer
The relationships indicate the following:Material pricesAnswer went upwent downare stableLabor costsAnswer went upwent downare stableOverhead costsAnswer went upwent downare stable
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