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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.
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