Tulsa Corporation, which adds materials at the beginning of production, uses a weighted-average process-costing system. Consider the data that follow.
|
|
Number of Units
|
Cost of Materials
|
|
Beginning work in process
|
40,000
|
$ 80,000
|
|
|
Started in June
|
60,000
|
125,000
|
|
|
Production completed
|
65,000
|
|
|
|
Ending work in process
|
25,000
|
|
|
The company's cost per equivalent unit for materials is:
A. $1.24.
B. $1.66.
C. $1.67.
D. $2.05.
E. some other amount.