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 | $ | 34,000 | |
| Started in May | 270,000 | 106,800 | ||
| Units completed | 255,000 | |||
| Ending work in process | 95,000 | |||
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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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
