The cost per equivalent unit for materials using the weighted average method is calculated as:
A) Total materials costs in process during the period divided by equivalent units in process for materials
B) Materials costs added during the period divided by equivalent units in process for materials
C) Total materials costs to account for divided by the number of equivalent units completed for materials
D) Materials costs added during the period divided by the number of equivalent units completed for materials

Question

Quizplus · Accepted Answer

Under the weighted average method the cost per equivalent unit for Direct Materials is calculated as Direct Materials Cost in Process (i.e., Direct Materials Cost in beginning inventory plus Direct Materials Cost added during the period) divided by the equivalent units of direct materials in process during the period.

The Cost Per Equivalent Unit for Materials Using the Weighted