The cost per equivalent unit for materials for the month in the first processing department is closest to:
A)$23.23
B)$19.94
C)$21.85
D)$21.20

Question

Quizplus · Accepted Answer

The cost per equivalent unit for materials is calculated by dividing the total cost of materials used in the department by the total number of equivalent units produced. In this case, the total cost of materials used in the department is $464,600 and the total number of equivalent units produced is 20,000. Therefore, the cost per equivalent unit for materials is $464,600 / 20,000 = $23.23.

The Cost Per Equivalent Unit for Materials for the Month