The following information pertains to Nebraska Company’s Welding Department for the month of July:
Units |
|
Beginning WIP |
15,000 |
Started in July |
40,000 |
Ending WIP |
12,500 80% complete |
In addition, there were $5,500 of Materials costs in the beginning Work-in-Process Inventory and $18,000 of materials costs were added during July.
All materials are added at the beginning of the process. Using the weighted average method, the equivalent units for materials and the cost per equivalent unit of materials for July are:
Equivalent units |
Cost per equivalent unit |
|
A |
55,000 |
$0.43 |
B |
42,500 |
$0.55 |
C |
40,000 |
$0.59 |
D |
48,750 |
$0.48 |
a. |
C |
|
b. |
A |
|
c. |
D |
|
d. |
B |
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