WA EUP; cost per WA EUP a. Calculate EUP for each cost component using the weigh

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WA EUP; cost per WA EUP

a.  Calculate EUP for each cost component using the weighted average method.

b.  Calculate cost per EUP for each cost component. Round your answers to the nearest cent.

WA EUP; cost per WA EUP

Kahil Mfg. makes skateboards and uses a weighted average process costing system. On May 1, 2013, the company had 400 boards in process that were 70 percent complete as to material and 85 percent complete as to conversion. During the month, 3,800 additional boards were started, and 300 boards were still in process (40 percent complete as to material and 60 percent complete as to conversion) at the end of May. Cost information for May 2013 is as follows:

a.  Calculate EUP for each cost component using the weighted average method.

Equivalent Units
Material Conversion

b.  Calculate cost per EUP for each cost component. Round your answers to the nearest cent.

Cost per Equivalent Units
Material $ Conversion $
Beginning WIP Inventory costs Direct material Conversion Current period costs Direct material Conversion

Explanation / Answer

Material---------4020

conversion-------4080

Material---------16.20

conversion-----12.60

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