Question
Wildhorse Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 7,000 Added to production 41,400 Completed
Wildhorse Company reported the following information for the month of April:
| Units | ||
|---|---|---|
| Work in Process | ||
| Beginning inventory, April 1 | 7,000 | |
| Added to production | 41,400 | |
| Completed and transferred out | ? | |
| Ending inventory, April 30 | 5,000 |
Ending inventory was 100% complete with respect to materials and 49% complete with respect to conversion costs. Wildhorse also reported the following cost information in April:
| Costs | ||||
|---|---|---|---|---|
| Materials | Conversion | |||
| Work in Process | ||||
| Beginning inventory, April 1 | $11,800 | $16,100 | ||
| Added to production | 68,000 | 107,000 | ||
(a)
What was the cost per equivalent unit for materials? (Round answer to 2 decimal places, e.g. 15.25.)
| Materials cost per EU | $Enter materials cost per equivalent unit in dollars rounded to 2 decimal places |
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Financial And Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
1337119202, 978-1337119207
