Yoder Corporation uses the weighted-average method in its process costing system
ID: 2391784 • Letter: Y
Question
Yoder Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 40,000 Percent complete with respect to materials 70% Percent complete with respect to conversion 60% Costs in the beginning inventory: Materials cost $8,600 Conversion cost $4,800 Units started into production during the month 750,000 Units completed and transferred out during the month ? Costs added to production during the month: Materials cost $223,000 Conversion cost $149,000 Work in process, ending: Units in process 30,000 Percent complete with respect to materials 40% Percent complete with respect to conversion 30% What was the cost per equivalent unit for materials during the month?
Explanation / Answer
Equivalent unit of material :
Cost per equivalent unit of materials = (8600+223000)/772000 = 0.30 per equivalent unit
Whole unit % EUP-material Unit transferred out 760000 100% 760000 Ending work in process 30000 40% 12000 Equivalent unit of production 790000 772000Related Questions
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