https://newconnect.mhed arted hapters 2 to 4) Help Save& Exit S Jublot Corporati

Question

https://newconnect.mhed arted hapters 2 to 4) Help Save& Exit S Jublot Corporation uses the weighted-average the most recent month are listed below method in its process costing system. Data concerning the first processing de t for Beginning work in process inventory: Units in beginning work in process inventory 600 s 7,300 s 2,300 Materials costs Conversi on costs Percent complete with respect to materials 50% complete with respect to conversion 10 9,400 during8, 600 $196,300 $315, 800 rcent Units started into production Units transferred to the next dep the month Materials Convers Ending work in process inventory Units i during the month artment costs added during the month ion costs added during the month 1,400 70 n ending work in process inventory lete with respect to materials cent comp rcent complete 40% Pe with respect to conversion The cost per equivalent unit for materials for the month in the f first processing department is closest to

Explanation / Answer

Equivalent unit of material = (8600*100%+1400*70%) = 9580 units

Material cost = 7300+196300 = 203600

Cost per equivalent unit of material = (203600/9580) = 21.25 per equivalent unit

so answer is b) $21.25

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