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What is weighted average cost per equivalent unit

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Question - In August River-wood Manufacturing recorded the following information pertaining to its use of materials in Work in Process (equivalent units are denoted by EU):

Beginning inventory 4,000 EUs @ $3. 375 per EU

Materials added $191,000

Completed units transferred out 40,000

Ending inventory 5,000 EUs

Required - What is the weighted average cost per equivalent unit of materials for the month of August?

Reference no: EM133175512

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