Question

The cost of materials added during the current period amounted to $31,944; the cost of conversion added during the current period amounted to $30,016. What is the cost per equivalent unit for conversion?

Answer 1

Answer:

The cost per equivalent unit for materials is $25.76.

Explanation:

As the complete question is not given here, the question is as attached with the solution.

From the data

At the beginning, there are no units.

At the end 1,000 Completed while the total started units are 1400

Remaining units are 1400-1000=400

Now for these 400 units,

As 60% are complete regarding materials thus that is calculated as

400*60%= 400 × .6 = 240

Equivalent units for materials: 1,000 units completed + 60% of 400 (ending) = 1,240 units

$31,944 / 1,240 equivalent units per materials = $25.76