Information concerning Department A of Ali Company for the month of June is as follows:...
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Accounting
Information concerning Department A of Ali Company for the month of June is as follows:
|
|
Units | Materials Costs |
|
| ||
| Work in process, beginning of month | 20,000 | $14,550 |
| Started in June | 85,000 | $66,300 |
| Units completed | 90,000 |
|
| Work in process, end of month | 15,000 |
|
All materials are added at the beginning of the process. Using the first-in, first-out method, the cost (rounded to two places) per equivalent unit for materials for June is:
| a. | $0.63. |
| b. | $0.90. |
| c. | $0.77. |
| d. | $0.78. |
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