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2. Determine the costs per equivalent unit for the month (Round intermediote calculations and final...

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Accounting

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2. Determine the costs per equivalent unit for the month (Round intermediote calculations and final answer to 3 decimal places 3. Repeat the requirements of parts (1) and (2) using the FlFO method (Round "Costs per equivalent" to 2 decimal places) The beginning work-in-process inventory was 70% complete as to materials and 70% complete as to processing labour and overhead The ending work-in-process inventory was 80% complete as to materials and 50% complete as to processing labour and overhead The company combines labour and overhead to form the conversion cost category. Required: 1. Assume that the company uses the weighted average cost method of accounting for units and costs. Prepare a quantity schedule and a computation of equivalent units for the month

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