Kimbos Glass company manufactures decorative glass bowls. The following data relate to May's operation:
Work in process, 1 May:
Direct material..................................................$21,600
Conversion.......................................................20,150
Costs incurred during May:
Direct material.................................................$67,500
Conversion......................................................95,000
The equivalent units of activity for May were as follows: 8250 equivalent units of direct material, and 23.500 equivalent units of conversion activity.
Required:
Calculate the cost per equivalent unit, for both direct material and conversion during May. Use weighted average process costing.