Question

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,200 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,300 50% Conversion costs $ 2,500 20% A total of 7,600 units were started and 6,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 159,500 Conversion costs $ 121,200 The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $17.48 $18.25 $19.47 $18.00

Answer 1

Beginning work in process			1,200	completed & transferred			6,900
started during the year			7,600	ending work in process			1,900
units to be accounted			8,800	units accounted for			8,800
Equivalent units
			units	% mat	materials	%CC	CC
completed & transferred			6,900	100%	6,900	100%	6,900
ending work in process			1,900	85%	1615	75%	1425
Equivalent units			8,800		8,515		8,325
cost per unit
beginning work in process				6,300
cost added during the year				159500
total cost				165,800
equivalent units				8,515
cost per unit				19.47152
answer	$19.47