Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: The cost per equivalent unit for materials for the month in the first processing department is closest to:
A) $17.01
B) $17.95
C) $16.70
D) $18.29

Question

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  The cost per equivalent unit for materials for the month in the first processing department is closest to:
A) $17.01 
B) $17.95 
C) $16.70 
D) $18.29

Quizplus · Accepted Answer

The Answer of Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:  The cost per equivalent unit for materials for the month in the first processing department is closest to:
A) $17.01 
B) $17.95 
C) $16.70 
D) $18.29

Inacio Corporation Uses the Weighted-Average Method in Its Process Costing