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What are the equivalent units for direct materials

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Question - You make kayaks - materials are added at the beginning of the process and conversion costs are incurred uniformly through the production process. At the beginning of June, work in process is 80% finished, and at the end of the month it is 70% finished. You use the weighted-average method of process costing. Other data for the month includes:

Beginning WIP inventory (units) 200

Units started (units) 850

Units placed in finished goods (units) 900

Conversion costs $270,000

Cost of direct materials $400,000

Beginning WIP costs: Materials $100,000; Conversion $70,000

What are the equivalent units for direct materials and conversion costs? Then, what is the cost per equivalent unit for direct materials and conversion costs?

Reference no: EM132964584

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