6. A-Lumber Company uses the weighted-average method in its process costing system. Information for the month of June presented below: Percentage Completion In Respect to Conversion Costs Units Beginning WIP Started during June Completed and Transferred Out 20,000 Ending WIP 12,000 90% 18,000 10,000 40% The conversion cost in beginning work in process inventory was $20,000 at the beginning of June. Additional conversion costs of $70,000 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? A. $3.75 B. $3.00 C. $3.46 D. $4.40
6. A-Lumber Company uses the weighted-average method in its process costing system. Information for the month of June presented below: Percentage Completion In Respect to Conversion Costs Units Beginning WIP Started during June Completed and Transferred Out 20,000 Ending WIP 12,000 90% 18,000 10,000 40% The conversion cost in beginning work in process inventory was $20,000 at the beginning of June. Additional conversion costs of $70,000 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? A. $3.75 B. $3.00 C. $3.46 D. $4.40
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![6. A-Lumber Company uses the weighted-average method
in its process costing system. Information for the month
of June presented below:
Percentage Completion In
Respect to Conversion Costs
Units
Beginning WIP
Started during June
12,000
90%
18,000
Completed and Transferred Out 20,000
Ending WIP
10,000
40%
The conversion cost in beginning work in process inventory
was $20,000 at the beginning of June. Additional
conversion costs of $70,000 were incurred in the department
during the month. What was the cost per equivalent unit for
conversion costs for the month?
A. $3.75
B. $3.00
C. $3.46
D. $4.40](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d40e210-6526-49c2-9de7-80d7fcce6069%2F969f6fce-12c9-445e-aae5-6e322f0f5da3%2Fxs1zuqp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. A-Lumber Company uses the weighted-average method
in its process costing system. Information for the month
of June presented below:
Percentage Completion In
Respect to Conversion Costs
Units
Beginning WIP
Started during June
12,000
90%
18,000
Completed and Transferred Out 20,000
Ending WIP
10,000
40%
The conversion cost in beginning work in process inventory
was $20,000 at the beginning of June. Additional
conversion costs of $70,000 were incurred in the department
during the month. What was the cost per equivalent unit for
conversion costs for the month?
A. $3.75
B. $3.00
C. $3.46
D. $4.40
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