Question
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70%
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) 22,200 units Units started 158,000 units Units completed and transferred out 120,000 units WIP ending (50% for conversion) 60,200 units Beginning WIP direct materials $47,500 Beginning WIP conversion costs $25,200 Costs of materials added $442,100 Costs of conversion added $260,000 What is the cost per equivalent unit for direct materials? A. $3.44 B. $2.72 C. $3.26 D. $2.45
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