65. The following information is available for Peter Senen Company for the current year: Beginning Work in
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Question:
65. The following information is available for Peter Senen Company for the current year:
Beginning Work in process (75% complete)14,500 units
Started in process75,000 units
Ending work in process (60% complete)16,000 units
Abnormal loss (discovered at the end of process)2,500 units
Normal loss (discovered during the process)5,000 units
Transferred and completed66,000 units
Cost at the beginning work in process
MaterialsP25,100
Conversion cost50,000
Current costs:
MaterialsP120,000
Conversion cost300,000
All materials are added at the start of production process.
What is the cost per equivalent unit for material using average method?
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