The calculation for cost per equivalent unit is a simple calculation: Under

The calculation for cost per equivalent unit is a simple calculation:

Under the weighted average method the numerator is the sum of the manufacturing costs in BWIP and the manufacturing costs for the period. Under the FIFO
method the beginning inventory costs are excluded from this calculation. The numerator is the manufacturing costs for the current period only.
Equivalent units for the period were computed in step 2.

APPLY THE CONCEPTS: Step 3
Recall that the BWIP had costs of $14304. During May In the Doghouse incurred $96000 in manufacturing costs. Complete the formula and cost per equivalent
unit for the weighted average method and for the FIFO method to the below. If required round the cost per equivalent unit amount to the nearest cent.

Compute the Weighted Average Cost per Equivalent Unit for May

Compute the FIFO Cost per Equivalent Unit for May