Chapter 20, Problem S20.12SE

To determine

Cost per Equivalent Unit is nothing but the cost of one complete unit which can be derived by dividing Total Cost incurred by total number of Equivalent Units produced.

Cost per Equivalent Unit = Total Cost/Total number of Equivalent Units

Where,

$\begin{array}{l}\text{Total cost = Opening WIP Inventory Cost+Cost incurred during the month}\\ \text{Total Number of Equivalent Units = Finished Goods+Closing WIP*\% of completion}\end{array}$

To Determine:

Cost per equivalent unit of production for each input