Answer
Correct ‘Cost per Equivalent units’ will be = $ 5.78 + $ 8.29 = $ 14.07
EUP - FIFO Method |
Units |
% Material |
EUP Materials |
% Conversion |
EUP - Conversion |
Units of ENDING WIP |
3,750 |
100.0% |
3,750 |
80.0% |
3,000 |
Units STARTED & COMPLETED |
19,250 |
100% |
19,250 |
100% |
19,250 |
Units of beginning WIP |
7,500 |
0.00% |
- |
65% |
4,875 |
Equivalent Units of Production |
23,000 |
27,125 |
|||
COST per EUP |
Material |
Conversion |
|||
Cost incurred this period |
$ 133,050.00 |
$ 225,000.00 |
|||
Total Costs |
Costs |
$ 133,050.00 |
Costs |
$ 225,000.00 |
|
Equivalent units of production |
EUP |
23,000 |
EUP |
27,125 |
|
Cost per EUP |
$ 5.78478 |
$ 8.2949 |
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