I Want To Go Home, Co. is a manufacturer that uses a process costing system...
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I Want To Go Home, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following information is available for the current period for the firms Blending department:
Equivalent units of production (EUP) with respect to Direct materials
72,200
Equivalent units of production (EUP) with respect to Conversion costs
54,600
Costs:
Beginning WIP inventory, direct materials costs
$88,900
Beginning WIP inventory, conversion costs
$71,700
Direct materials costs incurred during the current period
$204,500
Conversion costs incurred during the current period
$354,100
Calculate the cost per equivalent unit of production (cost per EUP) with respect to direct materials (round to two decimal places).
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