Answer:
d. $2.81
Explanation:
Beginning WIP 3,000 units
Add: Material added during April 10,000 units
Total Material 13,000 units
Less: Ending WIP 1,500 units
Goods Finished during April 11,500 units
Goods finished during April 11,500 units
Add: Ending WIP 1,500 units
(1,500 x 100%)
Equivalent units 13,000 units
Material Cost
Beginning WIP $7,500
Add: Cost added during April $29,000
Total material costs A $36,500
Total equivalent units B 13,000 units
Direct Material cost (A/B) $2.81
per Equivalent Unit