Solution-Cost per equivalent unit for materials

Cost per equivalent unit for materials

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Reference no: EM13333269

Question

Abis Corporation uses the weighted-average method in its process-costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were

	Cost	Percent Complete
Material costs	$6,000	50%
Conversion costs	$9,900	30%

A total of 9,200 units were started, and 8,200 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

	Cost
Material costs	$113,900
Conversion costs	$322,500

The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs.

The cost per equivalent unit for conversion costs for the first department for the month is closest to

Question

	Cost	Percent Complete
Material costs	$6,000	50%
Conversion costs	$9,900	30%

	Cost
Material costs	$113,900
Conversion costs	$322,500

The ending inventory was 80% complete with respect to materials and 20% complete with respect to conversion costs.

The cost per equivalent unit for materials for the month in the first processing department is closest to

Reference no: EM13333269

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Cost per equivalent unit for materials

Reference no: EM13333269

Reference no: EM13333269

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