Question

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

Heller Corporation uses the weighted average method in its p first processing department for the most recent month are listed below: weighted average method in its process costing system. Data concerning the Beginning work in process inventory: Units in beginning work in process inventory. .. Materials costs......... Conversion costs.......................... ..... Percent complete with respect to materials....... Percent complete with respect to conversion.. Units started into production during the month. Units transferred to the next department during the month Materials costs added during the month .... . Conversion costs added during the month .... Ending work in process inventory: Units in ending work in process inventory ........... Percent complete with respect to materials...... Percent complete with respect to conversion... . 500 $3,600 $2,800 65% 30% 9,200 8.300 $92,500 $147,900 1,400 60% 25% Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. The cost per equivalent unit for materials for the month in the first processing department is closest to: A. $10.51 B. $10.12 C. $9.91 D. $9.54

Answer 1

A. $10.51
Units transferred to the next department	8,300
Equivalent units in ending work in process inventory	840
Equivalents Units =	9,140
Beginning work in process	$3,600
Materials costs added during the month	$92,500
Total Material costs	$96,100
Cost per equivalent unit for materials	$10.51
($96,100 / 9,140)