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Find what is the cost per equivalent unit for material

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Reference no: EM132738109

The following information is available for Peter Senen Company for the current year:

Beginning Work in process (75% complete) 14,500 units

Started in process 75,000 units

Ending work in process (60% complete) 16,000 units

Abnormal loss (discovered at the end of process) 2,500 units

Normal loss (discovered during the process) 5,000 units

Transferred and completed 66,000 units

Cost at the beginning work in process

Materials P25,100

Conversion cost 50,000

Current costs:

Materials P120,000

Conversion cost 300,000

All materials are added at the start of production process.

Problem 1: What is the cost per equivalent unit for material using average method?

a. P2.07

b. P1.77

c. P1.72

d. P1.62

Reference no: EM132738109

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