Compute cost per equivalent unit
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 30,000 were in process in the production department at the beginning of April and 120,000 were started and completed in April. April’s beginning inventory units were 60% complete with respect to materials and 40% complete with respect to labor. At the end of April, 41,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to labor. The production department had $425,184 of direct materials and $326,151 of direct labor cost charged to it during April. Also, its beginning inventory included $59,236 of direct materials cost and $22,794 of direct labor.
Compute the cost per equivalent unit of direct materials and direct labor using FIFO. (with the explanation)