Question

Costs in beginning work in process inventory was $4,500 and $37,800 in costs were added during the period inder the weighed average method if there are 7,050 equivalent the cost per equivalent unit id__

Answer 1

Answer:

equivalent cost per unit $6

Explanation:

under the weighted average method we calcualte the equivalent unit cost by adding both, the beginning WIP inventory and the cost added during the period:

$4,500 + $37,800 = $42,300

Then we divide over the equivalent units:

$42,300 / 7,050 units = $6