Assad Company uses the process costing method with the following data for the month of July.
Workinprocess, July units:
Direct material: completed $
Conversion: completed
Balance in work in process, July $
Units started during July
Units finished
Work in process, July units:
Direct material: completed
Conversion: completed
Cost incurred during July:
Direct materials $
Conversion costs
Total $
Required:
Compute cost per equivalent unit under the weightedaverage method.
Compute cost per equivalent unit under FIFO method.
