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Question
Welber Corporation had inventory at June 1 and costs charged to Work in Process—Department 60 during June as follows:
| Inventory, June 1 (3,800 units, 80% completed) | $ 60,400 |
| Direct materials added, 32,000 units | 368,000 |
| Direct labor | 244,000 |
| Factory overhead applied | 188,000 |
| Total | $860,400 |
During June, 32,000 units were placed into production and 31,200 units were completed and transferred to finished goods, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units that were 40% completed. Inventories are costed by the average cost method, and all materials are added at the beginning of the process.
Prepare a cost of production report for Department 60 for June, using the average cost method. Round the cost per equivalent unit to four decimal places.
Answer
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