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Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials
Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials 41,000 Conversion Costs 41,000 Units completed Add: Units in ending work in process x Percentage complete: 16,000 x 100% direct materials 16,000 16,000 x 40% conversion materials 6,400 Eqivalent units of output 57,000 47,400 Costs: Work in process, December 1: Direct materials Conversion costs Total work in process Current costs: Direct materials Conversion costs Total current costs $66,000 14,000 $80,000 $500,000 183,000 $683,000 Required: 1. Calculate the unit cost for December, using the weighted average method. Round final answer to the nearest cent. (NOTE: retain unrounded interim amounts for use in part 2.)
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