Business, 11.05.2021 19:20 allisonmareesanders2

Zidane Company calculates the cost for an equivalent unit of production using process costing. Data for June Work in process inventory, June 1: 30,000 units Direct materials: 100 % complete $ 60,000 Conversion: 40 % complete 24,000 Balance in work in process, June 1 $ 84,000 Units started during June 70,000 Units completed and transferred out 70,000 Work in process inventory, June 30 30,000 Direct materials: 100 % complete Conversion: 80 % complete Cost incurred during June Direct materials $ 120,000 Conversion costs Direct labor 120,000 Applied overhead 180,000 Total conversion costs $ 300,000 Required: 1. Compute equivalent units of production for both the weighted-average and FIFO methods. 2. Compute cost per equivalent unit for both the weighted average and FIFO methods.

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Zidane Company calculates the cost for an equivalent unit of production using process costing. Data...

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