A company that operates a process costing system had work-in-progress at the start of last month of 300 units (valued at $2,500) that were 70% complete in respect of all costs. Process costs of direct materials, direct labour and production overheads totaled $53,500. The company uses the Weighted Average method of cost allocation. What was the cost per equivalent unit (to 2 decimal places), if 1,600 units were transferred to the finished goods warehouse last month? a. 33.44 b. 36.00 c. 35.00 d. 35.56

A company that operates a process costing system had work-in-progress at the start of last month of 300 units (valued at $2,500) that were 70% complete in respect of all costs. Process costs of direct materials, direct labour and production overheads totaled $53,500. The company uses the Weighted Average method of cost allocation. What was the cost per equivalent unit (to 2 decimal places), if 1,600 units were transferred to the finished goods warehouse last month? a. 33.44 b. 36.00 c. 35.00 d. 35.56

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 9P: Clearwater Candy Co. had a cost per equivalent pound for the month of 4.56 for materials, 1.75 for...

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