Question
I Want To Go Home, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following
I Want To Go Home, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following information is available for the current period for the firms Blending department:
Equivalent units of production (EUP) with respect to Direct materials | 72,200 |
Equivalent units of production (EUP) with respect to Conversion costs | 54,600 |
Costs: |
|
Beginning WIP inventory, direct materials costs | $88,900 |
Beginning WIP inventory, conversion costs | $71,700 |
Direct materials costs incurred during the current period | $204,500 |
Conversion costs incurred during the current period | $354,100 |
Calculate the cost per equivalent unit of production (cost per EUP) with respect to direct materials (round to two decimal places).
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