Question

The following information pertains to the Moline Facility for the month of May (all materials are...

The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):

Units Material Costs
Beg. Work in process

90000

 30000
Started in May 230000 104400
Units Completed 245000
Ending Work in Process 75000
Total Costs to be accounted for ?
Cost per equivalent unit ?
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Answer #1

Answer-

EUP - FIFO Method

Units

% Material

EUP Materials

Units of ENDING WIP

75,000

100%

75,000

Units STARTED & COMPLETED

155,000 [245000 – 90000]

100%

155,000

Units of beginning WIP

90,000

0%

                            -  

Equivalent Units of Production

230,000

COST per EUP

Material

Cost incurred this period

$ 104,400.00

Total Costs

Costs

$ 104,400.00

Equivalent units of production

EUP

230,000

Cost per EUP

$ 0.45= A
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