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

June data
Work-in-process inventory, June 1: 10,000 units
Direct materials: 100% complete	ps	21,000
Conversion: 40% complete		8,000
Balance in work in process, June 1	ps	29,000
Units started during June		26,000
Units completed and transferred		26,000
Work-in-process inventory, June 30		10,000
Direct materials: 100% complete
Conversion: 80% complete
Cost incurred during June
Direct materials	ps	44,200
conversion costs
Direct labour		44,200
Overhead Charges Applied		65,000
Total conversion costs	ps	109,200

Required:
1.	Calculate the cost per equivalent unit for the weighted average and FIFO methods. (Round your answers to 4 decimal places.)

Answer rating: 100% (QA)

To calculate the cost per equivalent unit for the weighted average and FIFO methods we need to determine the equivalent units of production for direct ... View the full answer