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