Question: 1. Coca-Cola Bottling. uses a weighted-average process costing system. Direct materials and conversion costs are incurred evenly during the production process. In August, the following

1. Coca-Cola Bottling. uses a weighted-average process costing system. Direct materials and conversion costs are incurred evenly during the production process. In August, the following costs were incurred

Direct materials $39,700

Labor and Overhead $70,000

The WIP inventory on August 1 was computed based on 5,000 units, with a value of $4,300, and they were 20% complete. During August, 27,000 units were transferred into Finished Goods Inventory. Inventory as of August 31 consisted of 3,000 units that were 50% complete. The FIFO inventory cost per unit completed in August was:

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