Outose Concept manufactures small tables in its ProcessingDepartment. Direct materials are added at the initiation of theproduction cycle and must be bundled in single kits for each unit.Conversion costs are incurred evenly throughout the productioncycle. Before inspection, some units are spoiled due toundetectable materials defects. Spoiled units generally constitute44% of the good units.
Data for December 2017 are as follows:
WIP, beginning inventory 12/1/2017 22,700 units
????Direct materials (100% complete)
?Conversion costs (75% complete)
Started during December 77,000 units
Completed and transferred out 12/31/2017 72,900 units
WIP, ending inventory 12/31/2017 18,000 units
??Direct materials (100% complete)
???? Conversion costs (70% complete)
Costs for December: ????
WIP, beginning Inventory: ?
???Direct materials $152,000
Conversion costs 77,200
Direct materials added 232,400
? ?Conversion costs added 296,000
What is the total cost per equivalent unit using theweighted?average method of process costing? (Round any cost perunit calculations to the nearest cent.)
