Unizat Corporation uses the weighted-average method in its process costing syste

Question

Unizat Corporation uses the weighted-average method in its process costing system. The following information pertains to one of the company's processing departments for a recent month:

Number of units Materials Cost
Beginning work in process 33,000 $26,500
Started during the month 80,500 $77,000
Units completed 86,500
Ending work in process 27,000

All materials are added at the beginning of the process. The cost per equivalent unit for materials is closest to:(Round off to two decimal places.)


A. $1.29
B. $1.20
C. $0.91
D. $0.96

Please explain, I don't understand how to work this??? Thanks so much...

Explanation / Answer

C. $0.91
Working: Units Amount work in process opening 33000 26500 Started during the month 80500 77000 Total 113500 103500 Waited average cost per unit = Total Amount / Total Units = 103500 / 113500 = $0.91 Units Amount work in process opening 33000 26500 Started during the month 80500 77000 Total 113500 103500 Waited average cost per unit = Total Amount / Total Units = 103500 / 113500 = $0.91
Thank you..... Units Amount work in process opening 33000 26500 Started during the month 80500 77000 Total 113500 103500 Waited average cost per unit = Total Amount / Total Units = 103500 / 113500 = $0.91

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