How to find the costs per equivalent unit for the month

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A company manufactures a product that passes through two processes. A quantity schedule for a recent month for the first process is as follows:

Work in process, beginning (60% materials, 75% conversion costs added last month) 20,000
Units stated into production 180,000
Units transferred to the next process 190,000
Work in Process, ending (100% material, 60% conversion costs added this month) 10,000

Costs in the beginning work in process of the first processing department were materials $4,000 and conversion cost $14,200.
Costs added during the month were materials $56,000 and conversion costs $360,360.

Required:

Question 1: Using the weighted average cost method determine the equivalent units for the month for material and conversion. Compute the costs per equivalent unit for the month for the first process.

Reference no: EM132585818

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