Jsco Company uses the weighted-average method in its process-costing system. dep

Question

Jsco Company uses the weighted-average method in its process-costing system. department's equivalent units of production for conversion for March were equal. Operating data for the department for March appear below for diret In March, the company computed its first processing materials and conversion and it turned out that the costs per equivalent unit for materials an %of DM 50% %of cC 25% complction: completion: 40000 Units 1.600 Completed and transferred out Costs 40,000 2 Ending WIP inventory Additional cost information is provided below: Beginning WIP inventory DM S7.620 S 9,700 S 13,660 S 10,940 Cost added during March 3 Compute the department's cost of equivalent unit for direct materials (DM) in March A. B. C. D. E. None of the above. $2.40 S1.60 $3.20 $4.80

Explanation / Answer

Equivalent unit of material = 40000+(1600*50%) = 40800 units

Cost of material = 7620+13660 = 21280

Cost per equivalent unit = 21280/40800 = 0.52 per equivalent unit

So answer is d) None of the above

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