48. Award: 0 out of 2.00 points MC Qu. 70 Yoder Corporation uses the weighted-av
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48.
Award: 0 out of 2.00 points
MC Qu. 70 Yoder Corporation uses the weighted-average...
Yoder Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:
Work in process, beginning:
Units in process
40,000
Percent complete with respect to materials
70%
Percent complete with respect to conversion
60%
Costs in the beginning inventory:
Materials cost
$8,600
Conversion cost
$4,800
Units started into production during the month
750,000
Units completed and transferred out during the month
?
Costs added to production during the month:
Materials cost
$223,000
Conversion cost
$149,000
Work in process, ending:
Units in process
30,000
Percent complete with respect to materials
40%
Percent complete with respect to conversion
30%
What was the cost per equivalent unit for materials during the month?
A)$0.30
B)$0.15
C)$0.20
D)$0.25
Work in process, beginning:
Units in process
40,000
Percent complete with respect to materials
70%
Percent complete with respect to conversion
60%
Costs in the beginning inventory:
Materials cost
$8,600
Conversion cost
$4,800
Units started into production during the month
750,000
Units completed and transferred out during the month
?
Costs added to production during the month:
Materials cost
$223,000
Conversion cost
$149,000
Work in process, ending:
Units in process
30,000
Percent complete with respect to materials
40%
Percent complete with respect to conversion
30%
Explanation / Answer
Equivalent units for materials = 40000+(750000-30000)+(30000*40%)= 772000 Cost per equivalent unit for materials =(8600+223000)/772000= 0.30 Option A is correct
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