Question

In: Accounting

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as...

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows:

April 1, work in process:
Materials cost, 3,000 units $ 7,500
Conversion costs, 3,000 units, 80% completed 6,000
Materials added during April, 10,000 units 29,000
Conversion costs during April 35,000
Goods finished during April, 11,500 units —
April 30 work in process, 1,500 units, 60% completed —


All direct materials are placed in process at the beginning of the process, and the average cost method is used to cost inventories.

The materials cost per equivalent unit (rounded to the nearest cent) for April is

a.$2.26

b.$2.81

c.$2.60

d.$3.02

Solutions

Expert Solution

Equivalent units for Material Cost
Units completed        11,500
Add: Ending work in process          1,500
Equivalent unit        13,000
Material Cost
Opening          7,500
Add: During the month        29,000
Total Cost        36,500
Material Cost per equivalent unit            2.81 (36,500 / 13,000 )
Correct answer is option b (i.e. $ 2.81 ).

ekkarill92 answered 2 years ago
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