Woodchuck Timber Pty Ltd grows, harvests and processes timber for use in the building industry. The following data relate to the company’s sawmill during June:


Work in process, 1 June:  
Direct material 130000
Conversion 360000
Costs incurred during June:  
Direct material 850000
Conversion 1380000


The equivalent units for June were as follows:

  $ $
  Weighted average FIFO
Direct material 14000 8500
Conversion 3480 2000


a) Calculate the cost per equivalent unit, for both direct material and conversion, during June. Use weighted average process costing.

b) Repeat requirement 1 using the FIFO method.

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