The following information pertains to the Moline Facility for the month of May (all materials...
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Accounting
The following information pertains to the Moline Facility for the month of May (all materials are added at the beginning of the process):
| Units | Material Costs | |||
| Beginning work in process | 90,000 | $ | 35,000 | |
| Started in May | 230,000 | 100,800 | ||
| Units completed | 255,000 | |||
| Ending work in process | 65,000 | |||
|
| ||||
Required:
Compute the cost per equivalent unit for materials using the FIFO method. (Round "Cost per equivalent unit" answer to 2 decimal places.)
Total costs to be accounted for:
Cost per equivalent unit:
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