Aqua Corporation uses the weighted average method in its process costing system. Cost data for its work in process department follow: Materials $ 67,000 $325,000 Assuming equivalent units of production for materials are 40,000 and for conversion are 30,000, the cost per equivalent unit for conversion during the period is closest to: a. b. C. $ 4.93 $10.71 $14.17 $10 10 Beginning work in process Costs added during the period Conversion $148,000 $425,000

Aqua Corporation uses the weighted average method in its process costing system. Cost data for its work in process department follow: Materials $ 67,000 $325,000 Assuming equivalent units of production for materials are 40,000 and for conversion are 30,000, the cost per equivalent unit for conversion during the period is closest to: a. b. C. $ 4.93 $10.71 $14.17 $10 10 Beginning work in process Costs added during the period Conversion $148,000 $425,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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