Black Company Uses the Weighted-Average Method in Its Process Costing

Multiple Choice

Black Company uses the weighted-average method in its process costing system.The company's ending work-in-process inventory consists of 5,000 units,80% complete with respect to materials and 50% complete with respect to labour and overhead.If the total dollar value of the inventory is $60,000 and the cost per equivalent unit for labour and overhead is $8.00,what is the cost per equivalent unit for materials?

A) $5.00.
B) $10.00.
C) $8.00.
D) $4.00.Material cost in inventory = $60,000 - $20,000 = $40,000