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Exercise 8-32(Static) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3) The following...

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Accounting

Exercise 8-32(Static) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-3)
The following Information about the work-In-process Inventory pertains to the Remington Plant for the month of July (all materlals are
added at the beginning of the process):
Beginning work in process (26,000 units):
Percentage complete with respect to
Costs
Ending work in process (42,090 units):
Percentage complete with respect to
costs
Materials Conversion
,100%
$83,600,$18,636
$83,600$18,636
100%,60%
??
??
The Remington Plant started 216,000 units and transferred out 200,000 In July. Materlals costs Incurred In July were $594,000 and
conversion costs were $979,000.
Required:
Compute the cost per equivalent unlt for materlals and conversion costs using the welghted-average method.
Note: Round your answers to 2 decimal places.
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