Answer:
<u>Equivalent Units Materials 10400 </u>
<u> Equivalent Units Conversion 10960 </u>
<u>Cost Per Equivalent Unit Materials $9.8365 </u>
<u>Cost Per Equivalent Unit D. Labor $ 7.2810 </u>
<u>Cost Per Equivalent Unit FOH $ 2.2992</u>
Explanation:
Particulars Units % of Completion Equivalent Units
Materials Conversion Materials Conversion
Complete 12000 100 100 12000 12000
Add EWIP 2000 100 20 2000 400
<u>Less BWIP 3600 100 40 3600 1440 </u>
<u>Equivalent Units 10400 10960 </u><u> </u>
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<em><u>In FIFO as the name suggests we take out the units first completed. So we deduct the Beginning Work in Process (BWIP) from the sum of completed units and ending work in process (EWIP).</u></em>
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Costs added during period: Direct materials Direct labor Factory overhead
(10,400 at $9.8365)
102,300 79,800 25,200
<u>Equivalent Unit 10400 10960 10960</u>
<u>Cost Per Equivalent Unit $9.8365 7.2810 2.2992</u>
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