Question

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

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

May 1, work in process:
   Materials cost, 3,000 units $8,500
   Conversion costs, 3,000 units, 50% completed 5,900
   Materials added during May, 10,000 units 26,900
   Conversion costs during May 30,500
   Goods finished during May, 11,500 units 0
   May 31 work in process, 1,500 units, 50% completed 0

All direct materials are placed in process at the beginning of the process, and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is

a.$3.90

b.$3.05

c.$2.34

d.$2.69

Homework Answers

Answer #1

ANSWER:

Correct option (d) = $2.69

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