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Umnica [9.8K]
3 years ago
8

RST Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory on

July 1 had materials assigned to them of $32,000, even though they were only 5% complete as to materials. No additional units were started during July, and there were no unfinished units on hand on July 31. What is the material cost per unit for July, assuming RST uses weighted-average process costing? A. $10.50B. $11.59C. $13.17D. $15.49
Business
1 answer:
-BARSIC- [3]3 years ago
6 0

Answer:

$ 13.17

Explanation:

Data provided :

Material cost in the beginning = $ 126,000

Additional material cost = $ 32,000

thus,

the total material cost = $ 126,000 + $ 32,000 = $ 158,000

Units in the work in progress = 12,000 units

Therefore, the material cost per unit for July = (Total material cost) / (Units being produced)

on substituting the values in the above relation, we get

he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )

= $ 13.1667 ≈ $ 13.17

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1 year ago
Which government agency is in charge of regulating the sale of stocks and bonds? A. The Securities and Exchange Commission B. Th
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A

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3 years ago
Billy Bob runs a seafood restaurant. Last year, he earned $70000 in revenue. He had explicit costs of $15000. Billy Bob could ha
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Answer:

Accounting profit= $55,000

Explanation:

Giving the following information:

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Answer:

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Explanation:

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