Ink company uses a process cost system and the weighted average method. during the year the company completed 1,300 units of product. ending inventory consisted of 400 units that were 50% complete. the total dollar cost associated with production of inventory was $90,000. the cost per equivalent whole unit would be which of the following

The Cost per Equivalent Whole Unit would be of $60

Explanation:

Units of product completed during the year: 1,300

Ending Work in Process Inventory: 400 units

Ending Work in Process percent of completion: 50%

Equivalent units in process: 200 (400 units x 50%)

Total Equivalent Units (completed + in process): 1,500

Total production cost of inventory: $90,000

Cost per Equivalent Unit: Total production cost / Total Equivalent Units

Cost per Equivalent Unit: $90.000 / 1500 units = $60

the answer to this question would be shared investment

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