Question

Camino Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory...

Camino Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were:

Percent
Complete
Materials costs $      5,628 50%
Conversion costs $      4,155 20%

A total of 6,800 units were started and 6,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs $    28,140
Conversion costs $    48,475

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.

What are the cost per unit of material coming out of this department this month?

Homework Answers

Answer #1
Final ANSWER Cost per unit of material coming out of this department this month 4.80
Working Note:
Actual Units
Calculation of Physical UNITS:
Units in beginning inventory 400
Units started during the period 6800
Units to be accounted for 7200
Actual Units Equivalent Units
Material CC
Units Completed and Transferred 6100 6100 6100
Units in ending inventory 1100 935 825
Total accounted for 7200 7035 6925
Costs:
Material CC Total
Costs in beginning inventory 5628 4155 9783
Cost added during the year 28140 48475 76615
Total cost to account for 33768 52630 86398
Equivalent Units from above 7035 6925
Cost per equivalent unit 4.80 7.60
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