Jublot Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory 600
Materials costs $ 7,300
Conversion costs $ 2,300
Percent complete with respect to materials 50 %
Percent complete with respect to conversion 10 %
Units started into production during the month 9,400
Units transferred to the next department during the month 8,600
Materials costs added during the month $ 196,300
Conversion costs added during the month $ 315,800
Ending work in process inventory:
Units in ending work in process inventory 1,400
Percent complete with respect to materials 70 %
Percent complete with respect to conversion 40 %
Required:
a. The cost per equivalent unit for materials for the month in the first processing department is closest to ___________.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for conversion costs for the first department for the month is closest to:

A)$21.76

B)$19.45

C)$23.22

D)$24.38

Explanation:

Equivalent unit for conversion costs = 6000+(2000*35%)= 6700

Total conversion costs = 9800+145800= 155600

Cost per equivalent unit for conversion costs = 155600/6700= 23.22

Option C is correct