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How to find cost per equivalent unit
Production Cost Report
Mixing Department June Quantity Reconciliation Units in beginning WIP 400 Units started 2,100 Units to account for 2,500 Units completed 2,300 Units in ending WIP ( 100% material, 70% conv. Costs) 200 Units accounted for 2,500 Cost Per Equivalent Unit Calculation Cost Material Labor Overhead Total Beginning WIP $475 $1,200 $2,400 $4,075 Cost incurred during June 4,125 11,610 23,830 39,565 Total $4,600 $12,810 $26,230 $43,640 Units Units completed 2,300 2,300 2,300 Equivalent units, ending WIP Total f h Cost per equivalent unit i j k l |
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How to use the weighted average method in a cost equivalent unit?
Units started and completed 8,000. Unfinished Units - 2,500.* *100% complete for direct materials and 30% complete for conversion. Costs incurred during the period: DM 110,000. DL 55,000. Man. Overhead - 79,750. Compute: Cost per equivalent unit for direct materials and conversion
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