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Calculate the average cost per equivalent unit

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Question - Assume Eames Company uses a process costing system based on the weighted average method. Eames' accountant produces the following equivalent unit calculations for the month of November:

Also, assume that the beginning inventory had accumulated $15,500 of materials and $9,600 of conversion costs in the previous month. During the month of November, current costs included $157,460 of materials and $193,335 of conversion costs.

Calculate the average cost per equivalent unit for materials for the month of November.

a. $0.13

b. $0.67

c. $6.85

d. $7.52

e. $8.34

Reference no: EM133118494

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