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 | 90,000 | $ | 34,000 | |
| Started in May | 260,000 | 99,400 | ||
| Units completed | 270,000 | |||
| Ending work in process | 80,000 | |||
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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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
