Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units

Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October:

1. All materials are added at the beginning of the process.
2. Beginning work in process had 80,200 units, 30 percent complete with respect to conversion costs.
3. Ending work in process had 14,700 units, 30 percent complete with respect to conversion costs.
4. Started in process, 105,000 units.

1. Compute equivalent units using the weighted average method.

Direct Materials

Conversion Costs

2. Compute equivalent units using the FIFO method.

Direct Materials

Conversion Costs

3. Suppose that the cost of direct materials in beginning work in process is $591,400 and that the direct materials cost incurred for October is $762,700. With these changes, answer the following:

a. What is the unit materials cost for the units in BWIP? Round your answers to the nearest cent.

b. What is the unit materials cost for units produced in October? Round your answers to the nearest cent.