Answer:
A) 2.40 2.63
Explanation:
Equivalent units Materials
As they are added entirely at the beginning so equivalent units equals the physical units:
20,000 compelted + 10,000 ending: 30,000
Equivalent units Conversion Cost
completed and transferred-out + percentage of completion ending WIP inventory
20,000 completed + 10,000 x 40% = 24,000
Unit cost:
Materials:
72,000 / 30,000 = 2.40
Conversion Cost:
63,000 / 24,000 =2.625