Answers
Units completed and transferred out:
= 6,000 + 48,000 - 8,000
= 46,000
Equivalent units:
Material:
= 46,000 + (8,000 X 100%)
= 54,000
Cost per equivalent unit:
= ($35,000 + $310,000) / 54,000
= $6.38
Material cost include in units transferred out:
= 46,000 X $6.38
= $293,889
Select the option which is closest to $293,889
.