The following information relate to I M Cute Company: Beginning Inventory (30% complete for material B and 60% complete for conversion) 700 units Started in process 2,000 units Ending Inventory (50% complete as to material B and 80% complete for conversion) 500 units Beginning Inventory Costs: Material A $ 14,270 Material B $ 5,950 Conversion $ 5,640 Current Period Costs: Material A $ 40,000 Material B $ 70,000 Conversion $ 98,100 Material A is added at the start of production; Material B is added uniformly throughout the process. Assuming weighted average method of process costing is used, compute the average cost per unit for Material A.
The following information relate to I M Cute Company:
Beginning Inventory
(30% complete for material B and
60% complete for conversion) 700 units
Started in process 2,000 units
Ending Inventory
(50% complete as to material B and
80% complete for conversion) 500 units
Beginning Inventory Costs:
Material A $ 14,270
Material B $ 5,950
Conversion $ 5,640
Current Period Costs:
Material A $ 40,000
Material B $ 70,000
Conversion $ 98,100
Material A is added at the start of production; Material B is added uniformly throughout the process.
Assuming weighted average method of
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