Question
Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as
Weiss Company adds material at the start of production. The following production information is available for September:
| Beginning Work in Process Inventory | ||
| (45% complete as to conversion) | 10,000 | units |
| Started this period | 120,000 | units |
| Ending Work in Process Inventory | ||
| (80% complete as to conversion) | 8,200 | units |
| Beginning Work in Process Inventory Costs: | ||
| Material | $24,500 | |
| Conversion | 68,905 | |
| Current Period Costs: | ||
| Material | $75,600 | |
| Conversion | 130,053 |
Refer to Weiss Company. What is the material cost per equivalent unit using the weighted average method?
Select one:
a. $.58
b. $.82
c. $.77
d. $.62
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-0078025792
