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Assume that you have 890 total equivalent units of materials and 863 total equivalent units of conversion costs. Also assume that your beginning inventory is
Assume that you have 890 total equivalent units of materials and 863 total equivalent units of conversion costs. Also assume that your beginning inventory is composed of $5,085 of materials and $2,240 of conversion costs and that you use $29,625 of materials and incur $22,356 of conversion costs during the current period. Calculate the average cost per unit of materials and conversion costs assuming the weighted average cost flow assumption.
Note: Do not round any of your answers.
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