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Toughflex Company Toughflex Company adds material at the start of production. The following production information is available for June: Beginning Work in Process Inventory (45%
Toughflex Company Toughflex Company adds material at the start of production. The following production information is available for June:
| Beginning Work in Process Inventory | |||
| (45% complete as to conversion) | 24,000 | units | |
| Started this period | 120,000 | units | |
| Ending Work in Process Inventory | |||
| (60% complete as to coversion cost) | 18,200 | units | |
| Beginning Work in Process Inventory Costs: | |||
| Material | $32,000 | ||
| Conversion | 74,000 | ||
| Current Period Costs: | |||
| Material | $176,800 | ||
| Conversion | 229,518 | ||
Refer to Toughflex Company. What is the material cost per equivalent unit using the weighted average method?
| a. | $.77 | |
| b. | $.69 | |
| c. | $.1.45 | |
| d. | $1.53 |
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