Answer:
Cost per equivalent unit of material =$1.51
Explanation:
<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.</em>
Equivalent units = Degree of completion × units
<em>Items Equivalent units</em>
Opening inventory 27,000×100% = 27,000
Fully worked 180,000× 100% = 180,000
Closing inventory 24,000× 100% = <u>24,000</u>
Total equivalent units <u> 231,000</u>
Cost per equivalent unit of material = 93,800+254,000/231,000 units
