During December, the production department of a process operations system completed and transferred to finished goods a total of 66,000 units of product. At the end of December, 14,000 additional units were in process in the production department and were 65% complete with respect to materials. The beginning inventory included materials cost of $57,700 and the production department incurred direct materials cost of $183,600 during December. Compute the direct materials cost per equivalent unit for the department using the weighted average method. Multiple Choice O O $366 $2.44 $2.70 $3.21

During December, the production department of a process operations system completed and transferred to finished goods a total of 66,000 units of product. At the end of December, 14,000 additional units were in process in the production department and were 65% complete with respect to materials. The beginning inventory included materials cost of $57,700 and the production department incurred direct materials cost of $183,600 during December. Compute the direct materials cost per equivalent unit for the department using the weighted average method. Multiple Choice O O $366 $2.44 $2.70 $3.21

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Description: During December, the production department of a process operations system completed and transferred to finished goods a total of 66,000 units of product. At theend of December, 14,000 additional units were in process in the production department and

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4EA: There were 1,700 units in beginning inventory that were 40% complete with regard to conversion....

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