Honest Company uses the weighted-average method in its process costing system. The following information pertains to Processing Department D for the month of May: No. of units Cost of Materials WIP, beginning Started in May 40,000 11,000.00 80,000 36,000.00 Units completed Ending work in process 95,000 25,000 All materials are added at the beginning of the process. The cost per equivalent unit for materials is closest to:
Honest Company uses the weighted-average method in its process costing system. The following information pertains to Processing Department D for the month of May: No. of units Cost of Materials WIP, beginning Started in May 40,000 11,000.00 80,000 36,000.00 Units completed Ending work in process 95,000 25,000 All materials are added at the beginning of the process. The cost per equivalent unit for materials is closest to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Honest Company
a. 0.35
b. 0.43
c. 0.39
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