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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 | 292,000 | 385,000 | 677,000 | ||||||||
Total cost | $ | 302,000 | $ | 400,000 | $ | 702,000 | |||||
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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