Type your answer in the box. Jenkins Corporation uses a process costing system w

Question

Type your answer in the box. Jenkins Corporation uses a process costing system with multiple production departments. During the current period, the following equivalent units of resources were used in Department B O Transferred-in units from Department A totaled 18,000 equivalent units costing $72,000 O Materials added in Department B totaled 24,000 equivalent units costing $120,000. O Conversion added in Department B totaled 20,000 equivalent units costing $180,0oo. The cost per equivalent unit of new units started and completed in Department B during the period was $ Do you know the answer? Read about this

Explanation / Answer

The cost per Equivalent unit of new started and completed in Deptt. B was $ 18 per unit

Explanation:

COST PER EQUIVALENT UNIT: Transferred-in Material Conversion Cost added during the period 72,000 120,000 180,000 Equivalent Units 18,000.00 24,000.00 20,000.00 Cost per Equivalent unit 4.00 5.00 9.00 Total cost per unit of unit started and completed (4+5+9) = $ 18 per unit

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