First you have to calculate a) which is 530.
410+ 550-1430= 530
Then,
1430+530=1960
Work in process May1 $3,110
Added Cost $5710 (materials)
Total Cost $8,820 / 1960= $4.50 (whichever decimal place)
The ledger of Custer Company has the following work in process account.
Work in Process—Painting
5/1 Balance 4,820 5/31 Transferred out ?
5/31 Materials 5,710
5/31 Labor 4,800
5/31 Overhead 2,430
5/31 Balance ?
Production records show that there were 410 units in the beginning inventory, 30% complete, 1,550 units started, and 1,430 units transferred out. The beginning work in process had materials cost of $3,110 and conversion costs of $1,710. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.
What is the unit materials cost for May?
Can someone explain to me how to get this answer please?
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