Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
|
Beginning work in process inventory: |
900 |
|
Units in beginning work in process inventory |
$9,600 |
|
Materials costs . |
$7,700 |
|
Conversion costs |
60% |
|
Percentage complete with respect to materials |
45% |
|
Percentage complete with respect to conversion |
8,100 |
|
Units started into production during the month |
6,900 |
|
Units transferred to the next department during the month |
$115,800 |
|
Materials costs added during the month . |
$120,500 |
|
Ending work in process inventory: |
|
|
Units in ending work in process inventory |
2,100 |
|
Percentage complete with respect to materials |
75% |
|
Percentage complete with respect to conversion |
20% |
The cost per equivalent whole unit for the month in the first processing department is closest to:
A) $28.18
B) $36.75
C) $32.31
D) $34.25