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
ANSWER:
Correct option (d) = $2.69
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