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 54,000 $ 148,500 Started in May 144,000 475,200 Units completed 153,000 Ending work in process 45,000 Required: Compute the cost per equivalent unit for materials using the weighted-average method. (Round "Cost per equivalent unit" answer to 2 decimal places.)

$3.15

Explanation:

The computation of the cost per equivalent unit for material is shown below:

As we know that

Cost per equivalent unit of material is

= Total cost ÷ Total equivalent units

where,

Total cost is

= $148,500 + $475,200

= $623,700

And, the  

Equivalent units of materials is

= 153,000 units + 100% of 45,000  units

= 198,000 units

So,

The Cost per equivalent unit for materials is

= $623,700 ÷ 198,000 units

= $3.15

By dividing the total cost with its Equivalent units of materials  we can get the cost per equivalent unit for material

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