Question

In: Accounting

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing...

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory 2,000
Materials costs $ 14,100
Conversion costs $ 6,200
Percent complete with respect to materials 75 %
Percent complete with respect to conversion 20 %
Units started into production during the month 10,700
Units transferred to the next department during the month 9,600
Materials costs added during the month $ 173,200
Conversion costs added during the month $ 243,200
Ending work in process inventory:
Units in ending work in process inventory 3,100
Percent complete with respect to materials 90 %
Percent complete with respect to conversion 30 %

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

Multiple Choice

$13.17

$14.11

$12.86

$15.12

Solutions

Expert Solution

Answer:

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

Correct choice is : $15.12

Calculations are as follows:

ekkarill92 answered 1 year ago
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