The Sauron Company's accounting information system shows the following Information:Work in process inventory, Direct materialsDirect naterials inventorySunnary of all additions to work in process during MayМay 31Dr $ 148,000Cr $ 140,000On April 30, a breakdown of the balance In the work in process account showed that direct materials accounted for $40,000 of thetotal balance. There were 12.000 units in work in process Inventory on that date. During May no new units were Introduced Intoproduction and all 12000 units in beginning work in process were completed and transferred out.Requlred:Calculate the cost per equivalent unit for materlals for May.Cost per equivalent unit for materials

The cost per unit is calculated as total cost divided by number of units.

The Sauron Company's accounting information system shows the following information: Work in process Inventory, Dinrect materials Direct naterials inventory Sumnary of all additions to work in process during May May 31 Dr $ 140,000 Cr $ 140,80e On April 30, a breakdown of the balance in the work in process account showed that direct materiais accounted for $40.000 of the total balance. There were 12.000 units in work in process Inventory on that date. During May no new units were Introduced Into production and all 12000 units In beginning work in process were completed and transferred out. Required: Calculate the cost per equivalent unit for materlals for May. Cost per equivalent unit for materials

The Sauron Company's accounting information system shows the following information: Work in process Inventory, Dinrect materials Direct naterials inventory Sumnary of all additions to work in process during May May 31 Dr $ 140,000 Cr $ 140,80e On April 30, a breakdown of the balance in the work in process account showed that direct materiais accounted for $40.000 of the total balance. There were 12.000 units in work in process Inventory on that date. During May no new units were Introduced Into production and all 12000 units In beginning work in process were completed and transferred out. Required: Calculate the cost per equivalent unit for materlals for May. Cost per equivalent unit for materials

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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