Inacio Corporation uses the weighted average method in its process costing system Data concerning the first processing department for the most recent month are listed below Beginning work in process inventory Units in beginning work in process inventory 800 Materials costs $ 12,900 Conversion costs $ 5,000 Percent complete with respect to materials 75 Percent complete with respect to conversion 20 Units started into production during the month 9,500 Units transferred to the next department during the month 8,400 Materials costs added during the month $ 172,000 Conversion costs added during the month $ 240,200 Ending work in process inventory Units in ending work in process inventory 1,900 Percent complete with respect to materials 90 Percent complete with respect to conversion 30 The cost per equivalent unit for materials for the month in the first processing department is closest to Multiple Choice $17 01 $17 95 $16 70 $18 29

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Question: Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Beginning work in process inventory:
Units in beginning work in process inventory	800
Materials costs	$ 12,900
Conversion costs	$ 5,000
Percent complete with respect to materials	75%
Percent complete with respect to conversion	20%
Units started into production during the month	9,500
Units transferred to the next department during the month	8,400
Materials costs added during the month	$ 172,000
Conversion costs added during the month	$ 240,200
Ending work in process inventory:
Units in ending work in process inventory	1,900
Percent complete with respect to materials	90%
Percent complete with respect to conversion	30%

The cost per equivalent unit for materials for the month in the first processing department is closest to:

Multiple Choice

$17.01
$17.95
$16.70
$18.29

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