I KNOW THE ANSWER IS .76 BUT I DONT KNOW HOW TO GET THERE PLEASE HELP! I NEED A STEP BY STEP PROCESS OR I WILL NOT RATE! THANK YOU!! 🙂
The following information pertains to Yap Company’s Grinding Department for the month of April:
| Units | Materials Costs | |
| Beginning work in process | 27,000 | $23,500 |
| Started in April | 47,500 | $33,000 |
| Units completed and transferred out | 55,500 | |
| Ending work in process | 19,000 |
|
All materials are added at the beginning of the process. Using the weighted average method, the cost per equivalent unit for materials is closest to: |
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