John Lasseter manufactures toys on a highly automated assembly line. John uses a costing system that has two cost categories: direct materials and conversion costs. Direct materials are added at the beginning of the production process and Conversion costs are allocated evenly throughout production.
John provides the following data for January :
Work in process, beginning inventory: units Direct materials complete; Conversion costs complete
Work in process, ending inventory: units Direct
materials complete; Conversion costs complete
Units started during January : units
Costs for January :
Work in process, beginning inventory actual:
Direct materials $
Conversion costs $
Direct materials costs added during January $
Conversion costs added during January $
Data for standard costing:
Direct materials $ per unit
Conversion costs $ per unit
If John Lasseter uses weightedaverage actual costing, what are the equivalent units for direct materials and conversion costs, respectively, for January? Show your working
If John Lasseter uses weightedaverage actual costing, what is the cost per equivalent unit for January? Show your working