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navik [9.2K]
3 years ago
12

Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Departme

nt for the month of December. Materials Conversion Work in process, December 1 $ 8,130 $ 9,128 Cost added to production in the Mixing Department during December $ 226,500 $ 284,232 Equivalent units of production for December 9,900 9,400 Required: Compute the cost per equivalent unit for materials and conversion for the Mixing Department in December. (Round your answers to 2 decimal places.)
Business
1 answer:
artcher [175]3 years ago
8 0

Answer:

                     Statement of Cost per equivalent unit

Particulars                                                 Materials        Conversion

Cost of beginning work in process           $8,130             $9,128

Add: Costs added during the month        <u>$226,500</u>        <u>$284,232</u>

Total cost A                                                 $234,630       $293,360

Number of equivalent units B                    <u>   9,900   </u>        <u>   9,400   </u>

Cost per equivalent unit (A/B)                  <u>$23.70     </u>       <u>$31.21      </u>

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