Heller 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: Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:
A)$10.51
B)$10.12
C)$9.91
D)$9.54

Question

Heller 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:  Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for materials for the month in the first processing department is closest to:
A)$10.51 
B)$10.12 
C)$9.91 
D)$9.54

Quizplus · Accepted Answer

The cost per equivalent unit for materials for the month in the first processing department is $10.51. This is calculated by dividing the total cost of materials used in the department for the month by the total number of equivalent units produced in the department for the month.

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