Zippy Company has a process costing system. Information about units processed an

Question

Zippy Company has a process costing system. Information about units processed and processing costs incurred during a recent month in the Refining Department follow:

number of units % completion
Beginning work in process inventory 12,000 25%
Units started into production 100,000
Units completed and transferred out 94,000
Ending work in process inventory 18,000 35%




The beginning work in process inventory had $10,946 of processing cost attached to it at the beginning of the month. During the month, the Department incurred an additional $289,954 in processing cost.

Assuming that the company uses the weighted-average method, what are the equivalent units for processing costs for the Department for the month?

Explanation / Answer

Assuming that the company uses the weighted-average method, what is the cost per equivalent unit for processing for the month?

Answer = $3.40

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