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Calculate the cost per equivalent unit of materials

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Reference no: EM132802162

Problem - The Lakeside Company uses a weighted-average process costing system. The following data are available:

Beginning inventory -0-

Units started in production 20,000

Units finished during the period 16,000

Units in process at the end of the period (complete as to materials, % complete as to labor and overhead) 4,000

Cost of materials used $35,200

Labor and overhead costs $37,406

Required - Calculate the cost per equivalent unit of materials?

Reference no: EM132802162

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