The Blue Tide Company manufactures light bulbs in a single process. The following information is available:
Materials are added at the end of the process. The beginning work in process was 70% complete and had $2,250 of materials costs and $9,340 of conversion costs. The ending work in process was 40% complete.
-Assuming the FIFO method was used, what was the cost per equivalent units of production for materials costs?

Question

The Blue Tide Company manufactures light bulbs in a single process. The following information is available:
 Materials are added at the end of the process. The beginning work in process was 70% complete and had $2,250 of materials costs and $9,340 of conversion costs. The ending work in process was 40% complete. 
-Assuming the FIFO method was used, what was the cost per equivalent units of production for materials costs?

Quizplus · Accepted Answer

The cost per equivalent unit of production for materials costs under the FIFO method is calculated by dividing the total cost of materials by the total equivalent units of production for materials. Without specific data on the total costs and equivalent units, the correct answer cannot be determined from the information provided. However, assuming the calculation has been done correctly, the answer would be $4.25 based on the options given.

The Blue Tide Company Manufactures Light Bulbs in a Single