Block Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 260 units in process, started 1,460 units, and had 120 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 10% complete with respect to conversion costs. During the month 1,600 units were completed and transferred out. The department incurred the following costs: (Click on the icon to view the costs.) The cost per equivalent unit for direct materials is (Round your answer to two decimal places.) OA. $7.67 OB. $1.94 OC. $5.47 OD. $1.80 Data table Direct Materials Conversion Costs Total $ $ Beginning WIP Added this month 300 $ 600 900 $ Print Done 2,800 $ 5,710 8,510 S Total 3,100 6,310 9,410

Block Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 260 units in process, started 1,460 units, and had 120 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 10% complete with respect to conversion costs. During the month 1,600 units were completed and transferred out. The department incurred the following costs: (Click on the icon to view the costs.) The cost per equivalent unit for direct materials is (Round your answer to two decimal places.) OA. $7.67 OB. $1.94 OC. $5.47 OD. $1.80 Data table Direct Materials Conversion Costs Total $ $ Beginning WIP Added this month 300 $ 600 900 $ Print Done 2,800 $ 5,710 8,510 S Total 3,100 6,310 9,410

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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