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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory: | |
---|---|
Units in beginning work in process inventory | 800 |
Materials costs | $ 12,900 |
Conversion costs | $ 5,000 |
Percent complete with respect to materials | 75% |
Percent complete with respect to conversion | 20% |
Units started into production during the month | 9,500 |
Units transferred to the next department during the month | 8,400 |
Materials costs added during the month | $ 172,000 |
Conversion costs added during the month | $ 240,200 |
Ending work in process inventory: | |
Units in ending work in process inventory | 1,900 |
Percent complete with respect to materials | 90% |
Percent complete with respect to conversion | 30% |
The cost per equivalent unit for materials for the month in the first processing department is closest to:
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