The Addy Company uses a weighted-average process costing system. The following data are available: Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (Complete as to materials, 1/4 complete as to labor and overhead) Cost of materials used Labor and overhead costs -O- 35,400 30,000 5,400 $156,000 $ 112,860 Cost per equivalent unit of material is: (Round your final answer to 2 decimal places.)
The Addy Company uses a weighted-average process costing system. The following data are available: Beginning inventory Units started in production Units finished during the period Units in process at the end of the period (Complete as to materials, 1/4 complete as to labor and overhead) Cost of materials used Labor and overhead costs -O- 35,400 30,000 5,400 $156,000 $ 112,860 Cost per equivalent unit of material is: (Round your final answer to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The Addy Company uses a weighted-average process costing system. The following
data are available:
Beginning inventory
Units started in production
Units finished during the period
Units in process at the end of the period
(Complete as to materials, 1/4 complete as to labor and
overhead)
Cost of materials used
Labor and overhead costs
Multiple Choice
Cost per equivalent unit of material is: (Round your final answer to 2 decimal places.)
$3.76.
$3.19.
$5.20.
-O-
35,400
30,000
$4.41.
5,400
$156,000
$ 112,860
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