Use the following to answer questions:
The following information pertains to Yiannis Oil Company for the month of June:

All materials are added at the beginning of the process. Beginning inventory is 80% complete for conversion costs; ending inventory is 20% complete for conversion costs. Yiannis uses the weighted-average method.
-The cost per finished equivalent unit for materials for June is:
A) $24.31
B) $21.82
C) $21.00
D) $20.35

Question

Use the following to answer questions:
The following information pertains to Yiannis Oil Company for the month of June:
  
All materials are added at the beginning of the process. Beginning inventory is 80% complete for conversion costs; ending inventory is 20% complete for conversion costs. Yiannis uses the weighted-average method.
-The cost per finished equivalent unit for materials for June is:
A) $24.31 
B) $21.82 
C) $21.00 
D) $20.35

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
The following information pertains to Yiannis Oil Company for the month of June:
  
All materials are added at the beginning of the process. Beginning inventory is 80% complete for conversion costs; ending inventory is 20% complete for conversion costs. Yiannis uses the weighted-average method.
-The cost per finished equivalent unit for materials for June is:
A) $24.31 
B) $21.82 
C) $21.00 
D) $20.35

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