Determining Unit Cost FIFO Costing Method Pearl Glaze adds direct materials at the beginning of its production process and adds conversion costs uniformly throughout the process The following information is from Pearl Glazes records for July Units in beginning inventory 2,900 Units started during the period 16,500 Units partially completed in prior period 2,000 Percentage of completion of ending 100 for direct materials work in process inventory 70 for conversion costs Percentage of completion of beginning 100 for direct materials inventory in prior period 30 for conversion costs Using the data that follow, compute the total cost per equivalent unit (Round your intermediate computations and answer to 2 decimal places ) Equivalent Units of Production Direct materials 16,500 Conversion costs 17,930 Beginning Work in Process Costs for the Period Direct materials $7,600 $20,000 Conversion costs 2,545 32,400 Total cost per equivalent unit $

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Question: Determining Unit Cost: FIFO Costing Method Pearl Glaze adds direct materials at the beginning of its production process and adds conversion costs uniformly throughout the

Determining Unit Cost: FIFO Costing Method

Pearl Glaze adds direct materials at the beginning of its production process and adds conversion costs uniformly throughout the process. The following information is from Pearl Glazes records for July.

Units in beginning inventory	2,900
Units started during the period	16,500
Units partially completed in prior period	2,000
Percentage of completion of ending	100%	for direct materials;
work in process inventory	70%	for conversion costs
Percentage of completion of beginning	100%	for direct materials;
inventory in prior period	30%	for conversion costs

Using the data that follow, compute the total cost per equivalent unit (Round your intermediate computations and answer to 2 decimal places.):

	Equivalent Units of Production
Direct materials	16,500
Conversion costs	17,930

	Beginning Work in Process	Costs for the Period
Direct materials	$7,600	$20,000
Conversion costs	2,545	32,400

Total cost per equivalent unit

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