The cost per equivalent unit for materials using the weighted average method is
ID: 2461402 • Letter: T
Question
The cost per equivalent unit for materials using the weighted average method is calculated as:
a-Total materials costs in process during the period divided by equivalent units in process for materials
b-Materials costs added during the period divided by equivalent units in process for materials
c-Total materials costs to account for divided by the number of equivalent units completed for materials
d-Materials costs added during the period divided by the number of equivalent units completed for materials
Explanation / Answer
The cost per equivalent unit for materials using the weighted average method is calculated as
Materials costs added during the period divided by the number of equivalent units completed for materials.
For example The cost per equivalent unit for materials using the weighted average method is calculated as
Materials costs added during the period divided by the number of equivalent units completed for materials
Cost added during December is calculated by dividing equivalent unit of work done in the current period.
Cost added during the current period=32000 divide by equivalent unit of work done 1000=32.
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