NAME: ______________________________________________________

The following production data is given by Warriors Manufacturing Company for the month of May and June.
Materials are added at the beginning of the period. Overhead is applied at 120% of Direct labor cost
MAY
Beginning Inventory 25,000 units 70% labor; 60% overhead
Units started this period 120,000 units
Ending inventory 18,000 units 60% labor; 40% overhead
COSTS: Beginning Inventory
Materials P119,200
Conversion P253,000
CURRENT COSTS
Materials P600,000
Conversion P1,436,160

JUNE:
Units started this period 135,000 units
Ending inventory 20,000 units 65% labor; 55% overhead
CURRENT COSTS
Materials P780,000
Conversion P1,801,800

COMPUTE FOR THE FOLLOWING USING THE WEIGHTED AVERAGE METHOD FOR THE MONTHS INDICATED:
MAY JUNE
1. EUP – Materials
2. EUP – Labor
3. EUP – Overhead
4. Cost / EUP – materials
5. Cost / EUP – Labor
6. Cost / EUP – overhead
7. Cost of goods manufactured
8. Cost of ending inventory

COMPUTE FOR THE FOLLOWING USING THE FIFO METHOD FOR THE MONTHS INDICATED:
MAY JUNE
1. EUP – Materials
2. EUP – Labor
3. EUP – Overhead
4. Cost / EUP – materials
5. Cost / EUP – Labor
6. Cost / EUP – overhead
7. Cost of goods manufactured
8. Cost of ending inventory