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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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