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Compute the cost per equivalent unit for direct materials

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Reference no: EM13516347

Compute Costs per Equivalent Unit: Weighted-Average Method

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:

Beginning WIP inventory Direct materials

$ 976

Conversion costs

272

Current period costs Direct materials

11,440

Conversion costs

6,644

Quantity information is obtained from the manufacturing records and includes the following:

Beginning inventory

600 units (60% complete as to materials,

 

53% complete as to conversion)

Current period units started

4,000 units

Ending inventory

1,200 units (40% complete as to materials,

 

20% complete as to conversion)

Required

Compute the cost per equivalent unit for direct materials and conversion costs.

Reference no: EM13516347

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