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Company quarries rock for use in construction. The following data pertain to the companys production during April. Work in process, April 1: Direct material $
Company quarries rock for use in construction. The following data pertain to the companys production during April.
Work in process, April 1: | ||
Direct material | $ 95,000 | |
Conversion | 195,000 | |
Costs incurred during April: | ||
Direct material | $405,000 | |
Conversion | 685,000 |
The equivalent units of activity for April were as follows: 6,250 equivalent units of direct material and 2,000 equivalent units of conversion activity.
Calculate the cost per equivalent unit, for both direct material and conversion, during April. Use weighted-average process costing.
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