Explore BrainMass

Explore BrainMass

    Cost per Equivalent unit/FIFO

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Johnson Company uses the process costing method with the following data for the month of July.

    (see chart in attached file)

    a. Compute cost per equivalent unit under the weighted-average method.
    b. Compute cost per equivalent unit under FIFO method.

    © BrainMass Inc. brainmass.com June 3, 2020, 6:58 pm ad1c9bdddf
    https://brainmass.com/business/fifo/cost-equivalent-unit-fifo-81557

    Attachments

    Solution Summary

    Excel file contains calculations of cost per unit using FIFO.

    $2.19

    ADVERTISEMENT