Complete with respect to materials


Black Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 5,000 units, 80% complete with respect to materials and 50% complete with respect to labor and overhead. If the total dollar value of the inventory is $60,000 and the cost per equivalent unit for labor and overhead is $8.00, the cost per equivalent unit for materials must be?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Complete with respect to materials
Reference No:- TGS0701733

Expected delivery within 24 Hours