Yoder Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: What was the cost per equivalent unit for materials during the month?
A)$0.30
B)$0.25
C)$0.20
D)$0.15

Question

Yoder Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:  What was the cost per equivalent unit for materials during the month?
A)$0.30 
B)$0.25 
C)$0.20 
D)$0.15

Quizplus · Accepted Answer

The cost per equivalent unit for materials is calculated by dividing the total cost of materials ($90,000) by the total equivalent units of materials (300,000). 
$90,000 ÷ 300,000 = $0.30 per equivalent unit for materials.

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