Question: Given the information in the table below what would be the Direct Materials cost per equivalent unit for the period if the company uses the

Given the information in the table below what would be the Direct Materials cost per equivalent unit for the period if the company uses the weighted average method (rounded to the nearest cent)? Nbr 7 Units Direct Direct Labor Overhead Materials % % % Complete Complete Complete 100% 75% 75% Beginning Inventory Units Started Transferred Out Ending Inventory Total Cost 30,000 117,500 127,500 20,000 100% $50,000 25% 24000 25% 32000 $0.14 $0.16 $0.18 50.30 50.34

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