The following informaiton is used for Questions 2-5 Yoder Corporation uses the weighted-average method in...
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Accounting
The following informaiton is used for Questions 2-5 Yoder Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:
Work in process, beginning:
Units in process.. 40,000
Percent complete with respect to materials. 70%
Percent complete with respect to conversion. 60%
Costs in the beginning inventory:
Materials cost $8,200
Conversion cost $4,800
Units started into production during the month 750,000
Units completed and transferred out during the month 760,000
Costs added to production during the month:
Materials cost $262,000
Conversion cost $149,000
Work in process, ending:
Units in process 30,000
Percent complete with respect to materials..... 40%
Percent complete with respect to conversion.. 30%
What were the total equivalent units for conversion costs during the month?
760,000 equivalent units
769.000 equivalent units
790,000 equivalent units
730,000 equivalent units
None of the above
3) What was the cost per equivalent unit for conversion costs during the month?
$0.40.
$0.25
$0.45
$0.20
4) What was the cost per equivalent unit for materials during the month?
$0.30
$0.25
$0.20
$0.35
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