Question

Campbell Corporation Beginning inventory (30% complete as to Material B and 60% complete for conversion) 700...

Campbell Corporation
Beginning inventory (30% complete as to
Material B and 60% complete for conversion) 700 units
Started this cycle 2,000 units
Ending inventory (50% complete as
to Material B and 80% complete for conversion) 500 units
Beginning inventory costs:
Material A $14,270
Material B 5,950
Conversion 5,640
Current Period costs:
Material A $40,000
Material B 70,000
Conversion 98,100
Material A is added at the start of production, while Material B is added
uniformly throughout the process.
Refer to Campbell Corporation. Assuming a FIFO method of process costing,compute the average cost per EUP for conversion.
Select one:
a. $45.50
b. $43.03
c. $45.00
d. $47.59
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Answer #1

Correct answer :- $43.03 is correct answer

Detail working for your easy udnerstanding

Physical Flow
Beginning WIP inventory 700
Units started 2000
Less: Ending inventory 500
Units completed and transferred 2200
Statement showing Computation of Equivalent Unit- FIFO- Campbell Corporation
Particular Whole units Conversion
Beginign WIP ( 40%) 700 280
Unit Started & Completed 1500 1500
Ending inventory (80%) 500 500
Units accounted for 2700 2280
Equivalent Unit of Production
Conversion
Equivalent units of production 2280
Statement showing Cost per Equivalent Unit
Particular Conversion
Current costs incurred $98,100.00
Tototal cost to account for (a) $98,100.00
Equivalent units (b) 2280
Cost per Equivalent unit  (a/b) $43.03
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