Question: Compute for the cost per equivalent unit using average costing Compute for the cost of WIP, end using Average costing. Compute for the equivalent units

Compute for the cost per equivalent unit using average costing

Compute for the cost of WIP, end using Average costing.

Compute for the equivalent units of production using FIFO.

Compute for the total cost transferred to the next department FIFO.

Compute for the cost per equivalent unit using average costingCompute for the

ATOZ company's product is manufactured in two departments. Units are inspected at the end of the production process in the first department. Data related to the month of May are: WlPlbeg (60% materials, 35% labor, and 25% FOH), 1,000 units: started in process this period, 9,000 units; WIP,end (100% materials, 75% labor and 50% FOH), 1,500 units. Cost data follows: WIP be Cost this Month m 91,250 P36 240 10.780 IEI_ 21725 1. Compute for the cost per equivalent unit using average costing. 2. Compute for the equivalent units of production using FIFO. 3. Compute for the cost of WIP, end using Average costing

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