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Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,100 units. The costs and percentage completion of these units in beginning inventory were:

Cost Percent
Complete
Materials costs $ 6,200 50%
Conversion costs $ 2,400 20%

A total of 7,500 units were started and 6,800 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 $ 159,400
Conversion costs $ 121,100

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:

Solutions

Expert Solution

Domingo Corporation
First Processing Department
Computation of Equivalent unit of Production
Particulars Physical Units Material Conversion
Units to account for:
Beginning WIP 1100
Started into Production 7500
Total units to account for 8600
Units accounted for:
Unit completed & Transferred out 6800 6800 6800
Units in ending inventory: 1800
Material (85%) 1530
Conversion (75%) 1350
Equivalent units of production 8600 8330 8150
Domingo Corporation
Computation of Cost per equivalent unit - First Processing Department
Particulars Material Conversion Total
Opening WIP $6,200 $2,400 $8,600
Cost Added during Period $159,400 $121,100 $280,500
Total cost to be accounted for $165,600 $123,500 $289,100
Equivalent units of production 8330 8150
Cost per Equivalent unit $19.88 $15.15

The cost per equivalent unit for materials for the month in the first processing department is closest to = $19.88 per unit


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