Eban Corporation uses the FIFO method in its process costing system. The first processing department, the...

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Eban Corporation uses the FIFO method in its process costing system. The first processing department, the Welding Department,

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Eban
FIFO
Unit reconciliation	Whole Units
Beginning work in process inventory	22,000.00
Add: Units started in the month	69,000.00
Less: Ending work in process inventory	18,800.00
Units completed in the month:	72,200.00

Unit reconciliation	Whole Units
Units completed in the month:	72,200.00
Less: Beginning work in process inventory	22,000.00
Started and completed in same month	50,200.00

Answer 1	Whole Units	% Conversion	EUP- Conversion
Flow of production of units:
Beginning work in process inventory	22,000.00	50%	11,000.00
Started and completed in same month	50,200.00	100%	50,200.00
Units ending in WIP Inventory	18,800.00	20%	3,760.00
Equivalent Units of production	91,000.00		64,960.00

Answer 2	EUP- Conversion
Costs added during the period	312,160.00
Equivalent Units of production	64,960.00
Cost per Equivalent Unit of production	4.80
So answer is $ 4.80.

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Answer 2

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