Question
Hello, I have the following question below that I am not sure about how to solve this. I got the answer of $8.00. A company
Hello, I have the following question below that I am not sure about how to solve this. I got the answer of $8.00.
A company provides the following data for its process costing system:
Equivalent units for Materials:
10,000 Material costs for units in beginning inventory:
$ 20,000 Material costs for units started during the period:
$80,000 Conversion costs for units in beginning inventory:
$30,000 Conversion costs for units started during the period: $80,000
What is the cost per equivalent unit for materials if the weighted average cost method is used?
Any assistance would be appreciate.
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