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(Solution Download) Clasby Corporation uses the FIFO method in its process costing. The following data concern the compa


 

 

 

 

 

 

 

Clasby Corporation uses the FIFO method in its process costing.

 

The following data concern the company's Mixing Department for the

 

month of January.

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Materials   

 

Conversion   

  Work in process,

 

January 1

$15,702

 

     

$22,702

 

     

  Cost added to

 

production in the mixing department   during January

$181,203

 

     

$157,040

 

     

  Equivalent unit of

 

production for January

5,610

 

     

5,200

 

     

 

  

 

 

 

 

 

 

 

 

 

 

Required:

 

Compute the cost per equivalent unit for materials and

 

conversion for the Mixing Department for January using the FIFO

 

method. (Round your answers to 2 decimal places. Omit the

 

"$" sign in your response.)

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Materials

 

  Conversion

  Costs per equivalent

 

unit

 

$    

 

$    

 


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