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 percetange completion of these units in beginning inventory were:
Cost Percent Complete Material cost $5,500 50% Conversion costs $1,700 20%
A total of 6,800 units were started and 6,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:    Cost Materials costs $158,700 Conversion costs $120,400
The ending inventory was 85% complete with respect to materials and 75% complete with respects to conversion costs.
The cost per unit equivalent until for the month in the first processing department is closest to:
xamination for Chapters 1-5 Help Save&Et; S 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 percentage completion of these units in beginning inventory were Materials costs Conversion costs s s, see s 1,7ee set 20% A total of 6,800 units were started and 6,100 units were transferred to the second processing department during the first processing department during the month department during the month. The following costs were incurred in Materials costs Conversion costs $158,78e $128,480 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to Multy-e Choice Prey 19 of 25BE Next re to search

Explanation / Answer

Equivalent unit :

Cost per equivalent unit of material = (5500+158700)/7035 = 23.34 per equivalent unit

Cost per equivalent unit of conversion = (1700+120400)/6815 = 17.92 per equivalent unit

Total cost per equivalent unit = (23.34+17.92) = 41.26 per equivalent unit

Physical unit % EUP-material % EUP-conversion Units completed 6100 100% 6100 100% 6100 Ending work in process 1100 85% 935 65% 715 Total 7035 6815

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