Dorchester Company, on March 1, 2019, has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started production of 18,500 units. At the end of the month, there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 70% complete with respect to conversion. For the month of March, the following costs were incurred and recorded in the WIP: Direct Material Direct Labor $31,000 $ 32,000 Factory Overhead $25,000 Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 4EB: Masonrys records show the raw materials inventory had purchases of $1,000and an ending raw materials...
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Dorchester Company, on March 1, 2019, has a beginning Work in
Process inventory of zero. All materials are added into production
at the beginning of its production. There is only one production
WIP inventory. On March 1, Dorchester started production of
18,500 units. At the end of the month, there were 10,000 units
completed and transferred into the Finished Goods Inventory. The
ending WIP was 70% complete with respect to conversion. For the
month of March, the following costs were incurred and recorded in
the WIP:
Direct Material
Direct Labor
$31,000
$ 32,000
Factory Overhead
$25,000
Dorchester uses the weighted-average process costing method.
Use this information to determine the cost per equivalent unit of
conversion for the month of March.
Transcribed Image Text:Dorchester Company, on March 1, 2019, has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started production of 18,500 units. At the end of the month, there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 70% complete with respect to conversion. For the month of March, the following costs were incurred and recorded in the WIP: Direct Material Direct Labor $31,000 $ 32,000 Factory Overhead $25,000 Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March.
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