Alma Industries uses the weighted-average method in its process costing system. The first processing department, the assembly department, started the month with 9,500 units in its beginning work in process inventory that were 35% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $18,750. An additional 65,000 units were started into production during the month. There were 15,200 units in the ending work in process inventory of the assembly department that were 70% complete with respect to conversion costs. A total of $395,600 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
Alma Industries uses the weighted-average method in its process costing system. The first processing department, the assembly department, started the month with 9,500 units in its beginning work in process inventory that were 35% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $18,750. An additional 65,000 units were started into production during the month. There were 15,200 units in the ending work in process inventory of the assembly department that were 70% complete with respect to conversion costs. A total of $395,600 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
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