Question
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process): Units Material
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):
| Units | Material Costs | |||
| Beginning work in process | 80,000 | $ | 33,000 | |
| Started in May | 230,000 | 105,800 | ||
| Units completed | 260,000 | |||
| Ending work in process | 50,000 | |||
Required:
Compute the cost per equivalent unit for materials using the weighted-average method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
