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Alpha Enterprise manufactures watches on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must
Alpha Enterprise manufactures watches on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Division and the Testing Division. Direct materials are added at the beginning of the production process in both departments. Conversion costs are allocated evenly throughout the production processes. Alpha uses the weighted-average method of process costing. Data for the Assembly Division for April 2024 are: Beginning inventory: work-in-process (BWIP): 332 units Direct materials (100% complete) Conversion costs (40% complete) Units started during April 1091 units Ending inventory: work-in-process (EWIP): 245 units Direct materials (100% complete) Conversion costs (55% complete) Costs for the Assembly Division for April 2024 are: Beginning inventory: work-in-process (BWIP): Direct materials $90137 Conversion costs $102753 Direct materials costs added during April $589463 Conversion costs added during April $396712 Compute the direct materials cost per equivalent unit of the Assembly Division for April 2024. (Round the final answer to 2 decimal places.)
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