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During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to materials. The beginning inventory included a materials cost of $57,500 and the production department incurred a direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method. A. $3.70 B. $2.38 C. $2.82 D. $3.12 E. $4.79

During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to materials. The beginning inventory included a materials cost of $57,500 and the production department incurred a direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method. A. $3.70 B. $2.38 C. $2.82 D. $3.12 E. $4.79

FINANCIAL ACCOUNTING
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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During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to materials. The beginning inventory included a materials cost of $57,500 and the production department incurred a direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method. A. $3.70 B. $2.38 C. $2.82 D. $3.12 E. $4.79
Transcribed Image Text:During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to materials. The beginning inventory included a materials cost of $57,500 and the production department incurred a direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method. A. $3.70 B. $2.38 C. $2.82 D. $3.12 E. $4.79
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