Compute Costs per Equivalent Unit: Weighted Average Method
The following information pertains to the Davenport plant for the month of May (all materials are added at the beginning of the process):
|
|
Units |
Material Costs |
|
Beginning work in process |
270,000 |
$ 99,000 |
|
Started in May |
720,000 |
316,800 |
|
Units completed |
765,000 |
|
|
Ending work in process |
225,000 |
|
Required
Compute the cost per equivalent unit for materials using the FIFO method.