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Company X uses the weighted average method of process costing and there is no sp...
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Company X uses the weighted average method of process costing and there is no spoilage in the process. Direct material are introduced at the start of the process and Conversion costs are added evenly during the process.
Company X presented the following information regarding physical units:
- BWIP = 1000 units (61% completed for conversion costs)
- Started = 5000 units
Company X presented the following information regarding EUP:
- Total EUP for Direct materials = 6000
- Total EUP for Conversion costs = 5000
Based on this information, compute te total EUP for Direct materials and Conversion costs in this month, if the company used FIFO method instead of weighted average method.
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