Given the following information, use the weighted average method to calculate co
ID: 2578944 • Letter: G
Question
Given the following information, use the weighted average method to calculate cost per equivalent unit for materials:
No. of units
Cost of materials
Beginning work in process
30 000
R11 000
Started in May
80 000
R36 000
Units completed
85 000
Ending work in process
25 000
R0,427
B. R0,4235
C. R0,55
D. R0,327
E. None of the above
R0,427
B. R0,4235
C. R0,55
D. R0,327
E. None of the above
18 375
36 750
115 500
No. of units
Cost of materials
Beginning work in process
30 000
R11 000
Started in May
80 000
R36 000
Units completed
85 000
Ending work in process
25 000
Explanation / Answer
Equivalent units for materials = 85000+25000 = 110000 Cost per equivalent unit for materials = (36000+11000)/110000= 0.427
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