Compute Costs per Equivalent Unit: Weighted-Average Method
The following information pertains to the Davenport plant for the month of May (all materials are added at the beginning of the process):
|
Units
|
Material Costs
|
Beginning work in process
|
270,000
|
$ 99,000
|
Started in May
|
720,000
|
316,800
|
Units completed
|
765,000
|
|
Ending work in process
|
225,000
|
|
Required
Compute the cost per equivalent unit for materials using the weighted-average method.