Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,900. Of the $12,900, $8,500 was for mat and $4,400 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $26,800. 15,000 units were completed during the pe and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $34,000 and factory overhea was $18,600. If the average cost method is used, the conversion cost per unit (to the nearest cent) would be a. $3.17 b. $3.80 c. $3.30 d. $5.18

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dinesh Bhai 

Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,900. Of the $12,900, $8,500 was for material
and $4,400 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $26,800. 15,000 units were completed during the period,
and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $34,000 and factory overhead
was $18,600.
If the average cost method is used, the conversion cost per unit (to the nearest cent) would be
a. $3.17
b. $3.80
c. $3.30
Od. $5.18
Transcribed Image Text:Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,900. Of the $12,900, $8,500 was for material and $4,400 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $26,800. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $34,000 and factory overhead was $18,600. If the average cost method is used, the conversion cost per unit (to the nearest cent) would be a. $3.17 b. $3.80 c. $3.30 Od. $5.18
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