Question

WaterwayCompany has the following equivalent units of production for July: materials 15460 and conversion 11540. Production cost data are: Materials Conversion Work in process, July 1 $ 7300 $ 3700 Costs added in July 70000 54000 The unit production costs for July are: ________

a. $4.53
b. $4.68
c. $5.00
c. $5.00
d. $5.00
e. $4.68
f. $4.53
g. $5.00

Answer 1

c. $5.00 & $5.00

Step-by-step explanation:

Materials Conversion

Work in process July 1 $7300 $3700

Cost added in July $70000 $54000

Total Cost (A) $77,300 $57,700

Equivalent unit for July (B) 15460 11540

Production Cost (A/B) $5 $5