In its initial year of operation, Montoya Manufacturing started and completed 4,000 identical widgets and had 1,000 widgets that were 40% complete in work-in-process at the end of the year. Total production costs for the year were $55,000. What is the cost per equivalent unit?
A) $12.50
B) $11.00
C) $11.96
D) $13.75

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The Answer of In its initial year of operation, Montoya Manufacturing started and completed 4,000 identical widgets and had 1,000 widgets that were 40% complete in work-in-process at the end of the year. Total production costs for the year were $55,000. What is the cost per equivalent unit?
A) $12.50
B) $11.00
C) $11.96
D) $13.75

In Its Initial Year of Operation, Montoya Manufacturing Started and Completed