Assume that you have 890 total equivalent units of materials and 863 total equivalent units of conversion

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Assume that you have 890 total equivalent units of materials and 863 total equivalent units of conversion costs. Also assume that your beginning inventory is composed of \($3,390\) of materials and \($1,493\) of conversion costs and that you use \($19,750\) of materials and incur \($14,904\) of conversion costs during the current period. Calculate the average cost per unit of materials and conversion costs assuming the weighted average cost flow assumption.

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Financial & Managerial Accounting For Undergraduates

ISBN: 9781618533104

2nd Edition

Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews

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