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Savior Company Manufactures Generic Notebooks The Unit Cost for Materials Is _____

Question 123

Multiple Choice

Savior Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing department.Conversion costs are applied uniformly throughout the process.The weighted-average method of product costing is used.Data for the Printing department for the month of June follow:  Work-in-process inventory, June 1 Units 15,000 units  Direct materials 100% complete)  $34,000 Conversion costs 30% complete)  $14,000 Units started in June 65,000 units  Units completed in June 62,000 units  Work-in-process inventory, June 30 20,000 units 100% complete with regard to materials  and 60% complete with regard to conversi on costs)   Direct material s added in June $285,000 Conversion costs added in June $210,000\begin{array}{lr}\text { Work-in-process inventory, June } 1\\\\\text { Units } & 15,000 \text { units } \\\text { Direct materials } 100 \% \text { complete) } & \$ 34,000 \\\text { Conversion costs 30\% complete) } & \$ 14,000\\\\\text { Units started in June } & 65,000 \text { units } \\\text { Units completed in June } & 62,000 \text { units } \\\text { Work-in-process inventory, June 30 } & 20,000 \text { units }\\100 \% \text { complete with regard to materials }\\\text { and } 60 \% \text { complete with regard to conversi on costs) }\\\\\text { Direct material s added in June } & \$ 285,000 \\\text { Conversion costs added in June } & \$ 210,000\end{array} The unit cost for materials is _____.


A) $4.38
B) $3.59
C) $4.91
D) $3.54

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