What is the cost per equivalent unit for materials


Oversites, Inc, uses a process costing system. The company's work-in-process inventory account at February 28th consists of 70,000 units which are 100% complete with respect to materials and 80% complete with respect to conversion costs. If the balance in the work-in-process inventory account is $546,000 and the cost per equivalent unit for conversion costs is $6.00, what is the cost per equivalent unit for materials?

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Accounting Basics: What is the cost per equivalent unit for materials
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