Question
Fahim Corporation uses the weighted-average method in its process costing system. Following are the operating data for the first processing department for the month of
Fahim Corporation uses the weighted-average method in its process costing system. Following are the operating data for the first processing department for the month of June appear below: Units Percent Complete with Respect to Material Beginning work in process inventory....... 45,000 60% Started into production during June................. 105,000 Ending work in process inventory..................... 27,000 30% According to the companys records, the material cost in beginning work in process inventory was Rs. 334,954 at the beginning of June. Additional material costs of Rs. 612,899 were incurred in the department during the month. The cost per equivalent unit (single unit cost) for material costs for the month is closest to:
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