A shampoo manufacturer offers the following information:

The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31,the cost per equivalent unit for materials would be closest to

Question

A shampoo manufacturer offers the following information:

The units in ending WIP Inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31,the cost per equivalent unit for materials would be closest to

Quizplus · Accepted Answer

D)Material
Completed 19,200
End Inv.7000 × 60% 3,840
Total units 23,040
Costs 276,480
Unit costs $12.00

A Shampoo Manufacturer Offers the Following Information