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Problem 1: Oriole Company has no beginning Work in Process; 5200 units are transferred out and 1000 units in ending Work in Process are 30% finished as to conversion costs and fully complete as to materials cost. If materials added and beginning Work in Process materials cost totals $20460, how much is the materials cost per unit if the weighted-average method is used?
Option 1: $3.30Option 2: $3.72Option 3: $3.47Option 4: There is not enough information provided.
Calculate the total equivalent units for direct material and conversion. Calculate the physical units in ending work in process inventory
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