Multiple Choice
Excellent Manufacturing uses a process cost system to manufacture sensors for the security industry.The following information pertains to operations for the month of March: 
The beginning inventory was 65% complete for materials and 25% complete for conversion costs.The ending inventory was 80% complete for materials and 45% complete for conversion costs.
Costs pertaining to the month of March are as follows:
Beginning inventory costs: materials = $46,200; conversion cost = $32,025
Costs incurred during March: materials used = $617,400; conversion cost = $655,200
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Which of the following is the unit cost of materials calculated using the weighted average method? (Note: Round answer to two decimal places.)
A) $4.50
B) $5.49
C) $5.00
D) $5.46
Correct Answer:
Verified
Correct Answer:
Verified
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