Domingo Corporation uses the weighted-average method in its process costing syst

Question

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percenta completion of these units in beginning invertory were Conplete 508 Materials costs Conversion coste S.500 $1.70 20% A total of 6,800 units were started and 6,100 units wore transferred to the second processing department during the month. The ollowing costs were inorred in the first processing department during the mo Materials costs conver s i on cost 158.700 320.400 The ondig inventory was 85% completo wt, respect to matorials and 75% comploto wer' respod to conversion costs The cost per equivalent unik for materials for the month in the irst processing department is ckosest lo

Explanation / Answer

The cost per equivalent unit for materials for the month in the first processing department is closest to

Units Units transferred to the next department (a) 6100 Ending work in process: Materials: 1,100 units × 85% (b) 935 Equivalent units of production (a+b) 7035 $ Cost of beginning work in process inventory 5500 Costs added during the period 158700 Total cost (a) 164200 Equivalent units of production (b) 7035 Cost per equivalent unit (a) ÷ (b) 23.34

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