Materials are added at the beginning of the production process at Santiago Company, which uses a Weighted-Average process costing system. The following information on the physical flow of units is ava

Materials are added at the beginning of the production process at Santiago Company, which uses a Weighted-Average process costing system. The following information on the physical flow of units is available for the month of April:

Beginning work in process (40% complete) 45,000

Started in April 510,000

Completed in April and transferred out 480,000

Ending work in process (70% complete) 75,000

Cost data for April show the following:

Beginning WIP inventory

Direct materials costs $ 24,300

Conversion costs 38,700

Current period costs

Direct materials costs $ 280,950

Conversion costs 1,079,550

Required:

(a)

Compute the equivalent units for the conversion cost calculation assuming Santiago uses the weighted-average method.

Equivalent units

(b)

Compute the cost per equivalent unit for materials and conversion costs for April. (Round your answers to 2 decimal places. Omit the “$” sign in your response.)

Cost per EU

Materials $

Conversion costs $

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