Homework Answers
Solution:
Equivalent units of direct materials = Units completed and transferred out + Units in ending WIP * % of completion of direct materials
= 31000 + 7000*85%
= 36950 units
Cost per equivalent unit of direct materials = Total material costs / Equivalent units of materials
= ($1,600 + $46,000) / 36950 = $1.29 per unit
Hence option D is correct.
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