A company had no beginning inventory and adds all materials at the very beginning of its only...
Question:
A company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 10,000 units were started, and 5,000 units completed. Ending work in process is 60% complete. The cost per equivalent unit of material is:
a. $1.00 if the total material cost is $8,000.
b. $1.00 if the total material cost is $3,000.
c. $1.00 if total material cost is $10,000.
d. $1.00 if the total material cost is $5,000.
Cost Per Equivalent:
Equivalent units are those products that are still in pipeline or work in progress. For the calculation purpose, the work in progress units is expressed as completed units and it is called an equivalent unit.
Answer and Explanation: 1
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View this answer| Particulars | Physical units | Direct materials | Conversion costs | |
|---|---|---|---|---|
| Units: | ||||
| Units to account for: | ||||
| Beginning work-in-process | 0 | |||
| Add: | Started in... |
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