ansas Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Units Percent Complete with Respect to Conversion Beginning work-in-process inventory 11,000 50 % Started into production during June 98,000 Ending work-in-process inventory 21,000 80 %According to the company's records, the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round your answer to 3 decimal places.) $8.322. $6.934. $8.530. $8.420.
ansas Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Units Percent Complete with Respect to Conversion Beginning work-in-process inventory 11,000 50 % Started into production during June 98,000 Ending work-in-process inventory 21,000 80 %According to the company's records, the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round your answer to 3 decimal places.) $8.322. $6.934. $8.530. $8.420.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kansas Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:
According to the company's records, the conversion cost in beginning work-in-process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 were incurred in the department during the month.
What was the cost per equivalent unit for conversion costs for the month? (Round your answer to 3 decimal places.)
| Units | Percent Complete with Respect to Conversion | |||||
| Beginning work-in-process inventory | 11,000 | 50 | % | |||
| Started into production during June | 98,000 | |||||
| Ending work-in-process inventory | 21,000 | 80 | % |
What was the cost per equivalent unit for conversion costs for the month? (Round your answer to 3 decimal places.)
|
$8.322.
|
||
|
$6.934.
|
||
|
$8.530.
|
||
|
$8.420.
|
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