SOLUTION: Can someone please help me with this problem. During the year Leyland Company completed 1,300 units of products. Ending inventory consisted of 400 units that were 50% complete.

Question 175353: Can someone please help me with this problem.
During the year Leyland Company completed 1,300 units of products. Ending inventory consisted of 400 units that were 50% complete. The total dollar coast associated with production of inventory was $45,000. The cost per equivalent whole unit would be which of the following? (Round all answers to the nearest whole penny.)
a. $26.00
b. $30.00
c. $34.61
d. $41.91
Answer by gonzo(654) (Show Source): You can put this solution on YOUR website!
i would have to say $30.00
here's why:
1300 whole units
400 units 50% completed = 200 equivalent whole units since 200 * 1 = 400 * .5
total equivalent whole units is 1300 + 200 = 1500.
45000 / 1500 = 30
cost per equivalent whole unit is $30.00
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