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Determine the equivalent unit of production for materials

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Question - JKL company use the weight average method in its process costing system .the following data concern the operation of the company's first processing department for a recent month

Working in process, beginning

Unit cost in process 200

Stage of completion with respect to material

Stage of completion with respect to conversion

Cost in beginning inventory materials cost 756, conversion cost 1508, unit started in to production during the moth 18000, unit completed and transferred out 17700 and cost added to production during the month material cost 116,569 conversion cost 675,432 and work in process unit pin price 500 stage of completion with respect to materials 70%, stage of completion with respect to conversion.

a. Determine the equivalent unit of production for materials and conversion.

b. Determine the cost per equivalent unit for materials and conversion costs.

Reference no: EM132097677

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