Question

Please use the following information to answer the next two questions, Inacio Corporation uses the weighted average method in its process costing system.Data concerning the first processing department for the most recent month are listed below. BO $ 12.900 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 $ 5.000 75 20 9.500 8.400 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 S 172,000 $ 240,200 Ending work in process inventory Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion 1.900 90 30 Based on the information given, what was the total unit cost per equivalent unit? Round to the nearest whole cent. 18.29 45.63 27.34

Answer 1

ANSWER SHOULD BE OPTION (B)  
Here I am telling you how I calculated this
1. statement showing equivalent production units using the Weighted average method.


2. CALCULATION OF COST PER UNIT OF MATERIAL


3. CALCULATION OF COST PER UNIT OF CONVERSION ANS TOTAL COST PER EQUIVALENT UNIT

Calculation of cost per units of conversion ceelt As por weight average method Gonession cost per unit total conversion Cealt Units of Comission * Total cost of conversion Conversion cost during the month a $240200 conpersion coelt previous month : $ 5000 total conversion Celt + $245200 Therefore, Converion cest per unit $245200 89 to = 24.34 lumits + Galculation of Total cost per unit equivalent To tell cost per equivalent unit = material least for unit concesion cost per unit 7 18.29 +27.34 → 45.63/ units