4

QUESTION 4 In August Riverwood Manufacturing recorded the following information pertaining to its use of materials in Work in Process (equivalent units are denoted by EU) : Beginning inventory. 4, 000 EUs @ $3. 375 per EU Materials added . . ... . $191 , 000 Completed units transferred out. 40, 000 Ending inventory . . . .. . 5, 000 EUs What is the weighted average cost per equivalent unit of materials for the month of August? (Round to the nearest $. 001.)