The department had beginning inventory of 5,500 units of product and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred-in and production cost for the period was $902,400.00. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (standard) cost per unit is $9.45. What is the equivalent cost per unit, assuming ending inventory is 40% complete? What is the equivalent cost per unit, assuming ending inventory is 60% complete?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter5: Process Costing
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Problem 10EA: Using the weighted-average method, compute the equivalent units of production for a new company that...
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The department had beginning inventory of 5,500 units of product and it started 94,500 units during the period. It transferred out 90,000 units during the period. Total transferred-in and production cost for the period was $902,400.00. This amount included the cost in beginning inventory plus additional costs incurred during the period. The target (standard) cost per unit is $9.45.

What is the equivalent cost per unit, assuming ending inventory is 40% complete?

What is the equivalent cost per unit, assuming ending inventory is 60% complete?

 

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