A production department within a company received materials of $11,166 and conversion costs of $13,726 from the prior department. It added material of $28,663 and conversion costs of $44,448. The equivalent units are 15,244 for material and 19,876 for conversion. What is the unit cost for materials? Round to the nearest penny, two decimal places.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A production department within a company received materials of $11,166
and conversion costs of $13,726 from the prior department. It added
material of $28,663 and conversion costs of $44,448. The equivalent units
are 15,244 for material and 19,876 for conversion. What is the unit cost
for materials? Round to the nearest penny, two decimal places.
Transcribed Image Text:A production department within a company received materials of $11,166 and conversion costs of $13,726 from the prior department. It added material of $28,663 and conversion costs of $44,448. The equivalent units are 15,244 for material and 19,876 for conversion. What is the unit cost for materials? Round to the nearest penny, two decimal places.
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