Sheridan Manufacturing has recently tried to improve its analysis for its manufacturing process. Units started into production equalled $2500$ and ending Work in Process inventory equalled $800$ units. Sheridan had no beginning Work in Process inventory. Conversion costs are applied equally throughout production, and direct materials are applied at the beginning of the process. How much is the material cost per unit if ending Work in Process inventory was $20\%$ complete and total material costs equalled $$11000$ if the weighted$-$average method is used? 

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To calculate the material cost per unit using the weightedaverage method we need to consider the uni... View the full answer