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Weighted-average process-costing system

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Reference no: EM13861337

Tulsa Corporation, which adds materials at the beginning of production, uses a weighted-average process-costing system.  Consider the data that follow.

 

Number of Units

Cost of Materials

Beginning work in process

40,000

$  80,000

 

Started in June

60,000

125,000

 

Production completed

65,000

 

 

Ending work in process

25,000

 

 

The company's cost per equivalent unit for materials is:

A. $1.24.

B. $1.66.

C. $1.67.

D. $2.05.

E. some other amount.

Reference no: EM13861337

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