Answer:
EU materials 804,800
EU conversion 779,000
Cost per EU materials 1.75
conversion 1.35
Explanation:
For weighted average method, we do complete and trasnferred-out plus percentage of completion on ending inventory
Equivalent units:
Materials:
770,000 + 58,000 x 60% = 804,800
Conversion cost:
770,000 + 58,000 x 50% = 799,000
Now, we add up each concept beginning WIP inventory and the cost of the period and divide over the equivalent units:
Cost per Equivalent units:
Materials:
( 99,000 + 1,309,400 ) / 804,800 = 1.75
Conversion cost:
( 34,200 + 46,700 + 421,230 + 576,520 ) / 799,000 = 1.35