(Cost per WA & FIFO EUP) Pylonic Mfg. produces concrete garden border sections. All material is added at the beginning of processing. Production and cost information for May 2010 are as follows:
|
WA EUP |
|
|
Direct material |
160,000 sections |
|
Direct labor |
152,000 sections |
|
Overhead |
150,000 sections |
|
FIFO EUP |
|
|
Direct material |
120,000 sections |
|
Direct labor |
124,000 sections |
|
Overhead |
132,000 sections |
|
Beginning WIP Inventory costs |
|
|
Direct material |
$19,600 |
|
Direct labor |
6,320 |
|
Overhead |
10,020 |
|
Current period costs |
|
|
Direct material |
$54,000 |
|
Direct labor |
34,720 |
|
Overhead |
84,480 |
a. What is the total cost to account for?
b. Using weighted average process costing, what is the cost per equivalent unit for each cost component?
c. Using FIFO process costing, what is the cost per equivalent unit for each cost component?
d. How many units were in beginning inventory and at what percentage of completion was each cost component?