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Costs in beginning work in process inventory was $4,500 and $37,800 in costs were added during the period. If there are 7,050 equivalent units, the cost per equivalent unit under the weighted-average method is $

Answer :

Abiolataiwo2015go

The cost per equivalent unit under the weighted-average method is $6.

Cost per equivalent unit

Using this formula

Cost per equivalent unit= Beginning work in process inventory+Cost added/Equivalent units

Where:

Beginning work in process inventory=$4500
Cost added=$37800

Equivalent units=7050

Let plug in the formula

Cost per equivalent unit=(4500+37800)/7050

Cost per equivalent unit=42300/7050

Cost per equivalent unit= $6

Inconclusion the cost per equivalent unit under the weighted-average method is $6.

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