Explanation:
Equivalent units
Materials Labor Overhead
Work in process inventory, 23,100.00 34,650.00 34,650.00
beginning
Units started and completed 6,73,000.00 6,73,000.00 6,73,000.00
Work in process inventory, 28,000.00 14,000.00 14,000.00
ending
Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00
First department cost per unit for first department
Materials Labor Overhead Total
Current costs 11,94,765.00 2,88,660.00 5,05,155.00 19,88,580.00
Equivalent units 7,24,100.00 7,21,650.00 7,21,650.00
Cost per Equivalent unit 1.65 0.40 0.70 2.75
The equivalent units for materials,labor and overhead are as follows:
Equivalent units
Materials 724,000
Labor 721,650
Overhead 721,650
In addition,the cost per unit for equivalent units are as follows:
Materials 1.65
Labor 0.40
Overhead 0.70
Total 2.75
