Sauron Company incurred $140,000 in direct materials costs during May. Additionally, the 12,000 units in the work-in-process
Question:
Sauron Company incurred $140,000 in direct materials costs during May. Additionally, the 12,000 units in the work-in-process inventory on May 1 had a direct materials balance of $40,000 but were only 5% complete as to direct materials. No additional units were transferred into work-in-process inventory during May, and there was no work-in-process inventory at the end of May.
Required:
What is the cost per equivalent unit for materials for May, assuming Sauron uses the weighted average cost method of costing?
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Related Book For 
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
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