In the current period, Forward Co.started with the production of 21,000 units and completed 8,400 units, leaving 13,200 units in process that are 42% complete.
-If Forward Co.incurred production costs of $34,980, what was Forward's cost per equivalent unit for the period? (Note: Round your answer to two decimal places.)
A) $2.51
B) $3.00
C) $2.75
D) $3.25

Question

Quizplus · Accepted Answer

Equivalent Units = Units Completed + (Units in EWIP × Fraction Complete)
Cost per Equivalent Unit = Total cost / Equivalent Units
 11ea8a4c_48d1_ae68_a0e6_dfb10b8a49e0_TB5550_00 Cost per equivalent unit for the period = $34,980 / 13,944 equivalent units = $2.51 per equivalent unit

In the Current Period, Forward Co