The Sauron Companys accounting information system shows the following information: ...
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Accounting
The Sauron Companys accounting information system shows the following information: May Work in process inventory, Direct materials Dr $ Direct materials inventory Cr $ Summary of all additions to work in process during May On April a breakdown of the balance in the work in process account showed that direct materials accounted for $ of the total balance. There were units in work in process inventory on that date. During May no new units were introduced into production and all units in beginning work in process were completed and transferred out. Required: Calculate the cost per equivalent unit for materials for May.
The Sauron Companys accounting information system shows the following information:
May Work in process inventory, Direct materials Dr $
Direct materials inventory Cr $
Summary of all additions to work in process during May
On April a breakdown of the balance in the work in process account showed that direct materials accounted for $ of the total balance. There were units in work in process inventory on that date. During May no new units were introduced into production and all units in beginning work in process were completed and transferred out.
Required:
Calculate the cost per equivalent unit for materials for May.
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