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At Global Tech Inc., direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning
At Global Tech Inc., direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 20,200 units Units started 125,500 units Units completed and transferred out 111,700 units WIP ending (60% for conversion) 34,000 units Beginning WIP direct materials $30,000 Beginning WIP conversion costs $22,500 Costs of materials added $394,100 Costs of conversion added $271,125 What is the cost per equivalent unit for direct materials? (Round your final answer to the nearest cent.) O A. $3.22 O B. $2.91 O C. $3.21 D. $2.70
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