E$6-34(10$ pt$)$ i

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$1$

$15$

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Pablo Company calculates the cost for an equivalent unit of production using process costing.

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Data for June $\backslash \backslash$

Work$-$in$-$process inventory, June $1$: $15,000$ units $\backslash \backslash$

Direct materials: $100\backslash \%$ complete $\backslash \backslash$

Conversion: $40\backslash \%$ complete $\backslash \backslash$

Balance in work$-$in$-$process, June $1\backslash \backslash$

Units started during June $\backslash \backslash$

Units completed and transferred out $\backslash \backslash$

Work$-$in$-$process inventory, June $30\backslash \backslash$

Direct materials: $100\backslash \%$ complete $\backslash \backslash$

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Conversion: $80\backslash \%$ complete $\backslash \backslash$

Costs incurred during June $\backslash \backslash$

Direct materials $\backslash \backslash$

Conversion costs $\backslash \backslash$

Direct labor $\backslash \backslash$

Applied overhead $\backslash \backslash$

Total conversion costs

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Required:

$1.$ Compute the cost per equivalent unit for both the weighted$-$average and FIFO methods.

Note: Round your answers to $\backslash (\backslash$mathbf$\{3\}\backslash )$ decimal places.

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$\backslash$hline June & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Weighted Average Cost per Equivalent Unit$\}$ & $\backslash$multicolumn$\{2\}\{|$r$|\}\{$FIFO Cost per Equivalent Unit$\}\backslash \backslash$

$\backslash$hline Direct materials & & & & $\backslash \backslash$

$\backslash$hline Conversion & & & & $\backslash \backslash$

$\backslash$hline Total cost & $\backslash$$ & $0\mathrm{.}000$ & $\backslash$$ & $0\mathrm{.}000\backslash \backslash$

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$\backslash$end$\{$tabular$\}$

Mc

Graw

Hili

Prey

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