Answer:
The answer is $0.77
Step-by-step explanation:
Solution
Given that:
The Statement of equivalent production for direct materials:
Particulars Direct Material
% completed Units
Units completed 100% 90000
Ending Work in process 100% 15000
Therefore, the total Equivalent unit of Production is 105000
Now,
We find the statement of cost per equivalent unit:
Particulars Direct Material
Cost of beginning work in process inventory $14,250
Add: cost added during the month $66,600
Total Costs $80,850
Equivalent unit of Production 105000
cost per equivalent unit of production for materials is $0.77
Note: The total costs was divided with the Equivalent unit of Production
= $80.850/$105000
= $0.77