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Company X uses the FIFO method of process costing. Direct materials are added wh...
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Company X uses the FIFO method of process costing. Direct materials are added when the production process is at 30% and conversion costs are added evenly during the process. The company presented the following information related to March:
|
Physical Units
|
Degree of completion
|
Cost
DM
|
Cost
CC
|
BWIP
|
1000
|
40%
|
$5000
|
$8064
|
Started in March
|
5000
|
| ||
Cost/EUP (FIFO)
|
$6
|
$30
|
Compute the cost per EUP
for Conversion costs incurred in February and in March, assuming no spoilage.
0%
0%
0%
0%
0%