Question

The debits to Work in Process—Assembly Department for May, together with data concerning production, are as follows:

May 1, work in process:

Materials cost, 3,000 units $ 8,000

Conversion costs, 3,000 units, 66.7% completed 6,000

Materials added during May, 10,000 units 30,000

Conversion costs during May 31,000

Goods finished during May, 11,500 units

May 31 work in process, 1,500 units, 50% completed

All direct materials are added at the beginning of the process, and the first-in, first-out cost flow method is used. The materials cost per equivalent unit for May is

a. $3.00

b. $3.80

c. $2.92

Answer

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