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    svohaus's Avatar
    svohaus Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 3, 2010, 02:58 PM
    How do you compute Cost per equivalent unit
    Percent Complete
    Units Materials Conversion
    Work in process inventory, May 1 5,000 100% 40%
    Work in process inventory, May 31 10,000 100% 30%

    --------------------------------------------------------------------------------



    Materials cost in work in process inventory, May 1 $1,500
    Conversion cost in work in process inventory, May 1 $4,000
    Units started into production 180,000
    Units transferred to the next production department 175,000
    Materials cost added during May $54,000
    Conversion cost added during May $352,000

    --------------------------------------------------------------------------------

    Materials 185,000 Conversion is 178,000 Equivalent units of production how you compute cost per equivalent unit?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Oct 3, 2010, 10:42 PM

    You can do this by dividing the costs by equivalent units. But I am sure you already have attempted the question by now.
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