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Assume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during
Assume the following information:
Milling Department | Materials | Conversion | Total |
---|---|---|---|
Cost of beginning work in process inventory | $ 10,000 | $ 15,000 | $ 25,000 |
Costs added during the period | 293,500 | 385,000 | 678,500 |
Total cost | $ 303,500 | $ 400,000 | $ 703,500 |
If the equivalent units of production for materials is 6,000 units using the weighted-average method, then what is the cost per equivalent unit for materials?
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