conversion cost per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:There were 3,033 units in ending work in process inventory that were 100%
complete with regard to material and 21% complete with regard to conversion
costs. Ending work in process inventory had a cost of $8,499 and a per-unit
material cost of $1.69. What was the conversion cost per unit using the
weighted-average method? Round to the nearest penny, two decimal places.
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