Question Details The following information is available for Department X for Aug

Question

Question Details
The following information is available for Department X for August:

Work in process, August 1:
Materials                                         $8,000
Conversion costs                              $15,000

Cost added during August:
Materials                                          $28,000
Conversion costs                               $25,000

Equivalent units of production (weight average):
Materials                                            4,000
Conversion costs                                  5,000

A. Department X's cost per equivalent unit for materials using the weighted average method would be? Please show your work
B. Department X's cost per equivalent unit for conversion using the weighted average method would be? Please show your work

Please show the work and steps to getting the answers below

The answer to Question A is $9.00

The answer to Question B is $8.00

Explanation / Answer

                                             Materials   Conversion
                                                                   costs
Work in process, August 1         $8,000       $15,000
Cost added during August        $28,000       $25,000
Total                                      $36,000       $40,000
Equivalent units                        4,000           5,000
Cost per Equi. unit      $36,000/4000    $40,000/5000
                                            $9.00             $8.00

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