40 Chee Corporation uses the welightedaverage method in ts p

40. Chee Corporation uses the welighted-average method in ts process costing system. This month, the beginning Invensory in the first processing department cosasted of 710 units. The costs and percentage completion of these units in beginning inventory wete Cost $8.000 $7000 Percent Complete Matertels cos A total of 8,200 unts were started and 7650 units were transterred to the sec during the month. The followng costs were incured in the frss processing dep artment ourning the month $138,000 $324,00 The ending inventory was 90% complete with respect to materials and 70% complete with respect to conversion costs Note Your enswers may dfer riom those offered below due to rounding weor in eil cases, select the answer thet is the closest to the answer you computed To reduce rounding eroc carry out all computations to at eest three deamal places The cost per equivalent unit for materlals for tme month in the tirst processing depaitment is closest to O s15 49 O $1662 O $1639 O $1571

Solution

Beginning work in process 710 completed & transferred 7,650 started during the year 8,200 Ending work in process 1,260 Units to be accounted 8910 Units accounted for 8,910 Equivalent units % materials % CC completed & transferred 7,650 100% 7,650 100% 7,650 Ending work in process 1,260 90% 1134 70% 882 Equivalent units 8,910 8,784 8,532 cost per unit Materials Beginning work in process 8,000 cost added during the year 138,000 total cost 146,000 Equivalent units 8,784 cost per unit 16.62113 Answer $16.62 per unit