A department uses the FIFO method of process costing. All direct materials are added at the beginning
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A department uses the FIFO method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
- 181 units in beginning WIP (72% complete with respect to conversion costs).
- 11,682 units started
- 200 units in ending WIP (43% complete with respect to conversion costs).
- $2,302 beginning WIP direct materials costs
- $2,335 beginning WIP conversion costs
- $89,617 current month direct materials costs
- $90,347 current month conversion costs
What is the department's direct material cost per equivalent unit for this month (round final answer to nearest cent if necessary)?
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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