Figure 6-14
The following information is available for Department C for the month of June:
Materials are added at the beginning of the process. Round unit costs to two decimal places.
-Refer to Figure 6-14. The cost per equivalent unit of production for materials using the weighted average method is

Question

Figure 6-14
The following information is available for Department C for the month of June:
  Materials are added at the beginning of the process. Round unit costs to two decimal places.
-Refer to Figure 6-14. The cost per equivalent unit of production for materials using the weighted average method is

Quizplus · Accepted Answer

To calculate the equivalent unit, we add the units completed in the current period to the equivalent units in the ending inventory. For materials, the equivalent units are calculated as follows:
Equivalent units = Units completed + (Ending inventory × Percentage of completion)
Units completed = 7,000
Ending inventory = 1,000
Percentage of completion = 100% (since materials are added at the beginning of the process)
Equivalent units = 7,000 + (1,000 × 100%) = 8,000
Total cost of materials = $22,800
Average cost per equivalent unit = Total cost / Equivalent units
= $22,800 / 8,000 = $2.88 (rounded to two decimal places)

Figure 6-14 the Following Information Is Available for Department C for the for the Month