Question
A department uses the FIFO method of process costing. All direct materials are added when conversion costs are 27% complete. This department has the following
A department uses the FIFO method of process costing. All direct materials are added when conversion costs are 27% complete. This department has the following data for this month.
241 units in beginning WIP (65% complete with respect to conversion costs).
10,111 units started
214 units in ending WIP (46% complete with respect to conversion costs).
$1,298 beginning WIP direct materials costs
$1,144 beginning WIP conversion costs
$80,369 current month direct materials costs
$81,216 current month conversion costs
What is the department's direct material cost per equivalent unit for this month (round final answer to nearest cent if necessary)?
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