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:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Honest Company

a. 0.35

b. 0.43

c. 0.39

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
40,000
11,000.00
Started in May
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:
Transcribed Image Text: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 40,000 11,000.00 Started in May 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:
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