Managerial Accounting (15th Edition)

by Garrison, Ray; Noreen, Eric, Brewer, Peter

Published by McGraw-Hill Education

ISBN 10: 007802563X

ISBN 13: 978-0-07802-563-1

Chapter 4 - Process Costing - The Foundational 15 - Required - Page 162: 8

Answer

3.20

Work Step by Step

Cost per equivalent unit for materials = The cost of beginning work in process inventory plus the cost added during the period for materials ÷ equivalent unit of production = 136,000 ÷ 42,500 = 3.20

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