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What is the total cost per equivalent unit

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Reference no: EM132556373

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to nondetectible materials defects. Inspection occurs when units are 50% converted. Spoiled units generally constitute 5% of the good units.

Data for December 2015 are as follows:

WIP, beginning inventory 12/1/2015                        23,000 units
Direct materials (100% complete)
Conversion costs (45% complete)
Started during December                                       76,500 units
Completed and transferred out 12/31/2015                72,100 units
WIP, ending inventory 1231/2015                            19,000 units
Direct materials (100% complete)
Conversion costs (65% complete)

Costs for December:
WIP, beginning Inventory:

Direct materials                    $157,650
Conversion costs                 76,900
Direct materials added           230,400
Conversion costs added         292,000

Question 1: What is the total cost per equivalent unit using the weighted-average method of process costing?

Reference no: EM132556373

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