costs per equivalent unit
Hello -
I need help with this homework question in my accounting class:
Thanks in advance!
Mixing Department data:
Beginning Inventory Goods in Process:
3000 units, 2/3 complete:
Materials cost (100% of materials have been added): $7,500
Conversion cost (DL and FOH) $ 6,000
Added during the period:
10,000 units valued at $26,000.
Additional costs incurred this period in finishing Dept:
Direct Labor: $20,000
Factory Overhead: $11,000
11,500 units were completed during the period
Ending inventory, Mixing Dept:
1,500 units were 1/2 completed
All direct materials are added at the beginning of the process.
The weighted average cost method is used.
The conversion cost per equivalent unit (to the nearest cent) would be: