Question

The work-in-process inventory as of October 1 consisted of 5,000 units, values at $4,300, that were 20% complete. During October, 27,000 units were transferred out. Inventory as of October 31 consisted of 3,000 units that were 50% complete. The weighted-average inventory cost per unit completed in October was:

Answer 1

see explanation

Step-by-step explanation:

Hi your question is incomplete, i tried to look for it online and i could not find it. The explanations however are provided below

Step 1 : Equivalent units

Here you determine the equivalent units which is the physical units completed in terms of materials and conversion cost (labor and overheads)

Step : Total Costs

Here you find the total of materials and conversion costs. The opening work in process costs plus the current period costs.

Step 3 : weighted-average inventory cost

Cost per unit = Total Cost ÷ Total Equivalent units