Question

Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.

Answer 1

Answer:

the cost per equivalent unit for materials is $34.60

Explanation:

The computation of the cost per equivalent unit for materials is shown below:

= (Beginning work in inventory + material added) ÷ material equivalent unit of production

= ($3,650 + $5,000) ÷ 250 units

= $34.60

Hence, the cost per equivalent unit for materials is $34.60

The same should be considered and relevant