Cherrington Company uses a process costing system. For May, the month just completed, the beginning work in process inventory consisted of 50,000 units which were 60% complete with respect to conversion costs. The ending inventory for the month was 20% complete with respect to conversion costs. A summary of cost data for the month follows:

-Using the weighted-average method, the cost per equivalent unit of materials for May is closest to:
A) $4.12
B) $4.50
C) $4.60
D) $5.03

Question

Cherrington Company uses a process costing system. For May, the month just completed, the beginning work in process inventory consisted of 50,000 units which were 60% complete with respect to conversion costs. The ending inventory for the month was 20% complete with respect to conversion costs. A summary of cost data for the month follows:

-Using the weighted-average method, the cost per equivalent unit of materials for May is closest to:

-Using the weighted-average method, the cost per equivalent unit of materials for May is closest to:
A) $4.12 
B) $4.50 
C) $4.60 
D) $5.03

Quizplus · Accepted Answer

The Answer of  Cherrington Company uses a process costing system. For May, the month just completed, the beginning work in process inventory consisted of 50,000 units which were 60% complete with respect to conversion costs. The ending inventory for the month was 20% complete with respect to conversion costs. A summary of cost data for the month follows:

-Using the weighted-average method, the cost per equivalent unit of materials for May is closest to:
A) $4.12 
B) $4.50 
C) $4.60 
D) $5.03

Cherrington Company Uses a Process Costing System