The equivalent units of activity for November were as follows: 8,200 equivalent units of direct material and 2,300 equivalent units of conversion activity. Required: Calculate the cost per equivalent unit, for both direct material and conversion, during November. Use weighted-average process costing.

Calculate the cost per equivalent unit, for both direct material and conversion, during November. Use the weighted-average process costing.

Assume that

Work In Process, Nov 1:

Direct Material ... $65,000

Conversion ... $180,000

Costs incurred during Nov:

Direct Material ... $425,000

Conversion ... $690,000

For Direct material

Direct material = (425000 + 65000) / 8200

Direct material = $60 per unit

For Conversion

Conversion = (690000 + 180000) / 2300

Conversion = $378 per unit