The cost per equivalent unit for materials for the month in the first processing department is closest to:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing
department consisted of 1,400 units. The costs and percentage completion of these units in beginning inventory were:
Cost
Materials costs
Conversion costs
$ 6,700
$ 7,800
Percent
Complete
65%
45%
A total of 8,500 units were started and 6,900 units were transferred to the second processing department during the month. The following costs were
incurred in the first processing department during the month:
Materials costs
Conversion costs
Cost
$ 126,500
$ 208,000
The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.
The cost per equivalent unit for materials for the month in the first processing department is closest to:
Multiple Choice
$13.10
$13.70
Transcribed Image Text:Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Materials costs Conversion costs $ 6,700 $ 7,800 Percent Complete 65% 45% A total of 8,500 units were started and 6,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cost $ 126,500 $ 208,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $13.10 $13.70
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