In the Assembly Department, all the direct materials are added at the beginning of processing. Beginning Work in Process Inventory consists of 2,000 units with a direct materials cost of $31,860. During the period, 15,000 units are started and direct materials costing $250,000 are charged to the department. If there are 1,000 units in ending inventory, what is the cost per equivalent unit for materials, assuming the company uses a process costing system?
A) $15.93
B) $15.63
C) $14.83
D) $16.58
Correct Answer:
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