Grain Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 88,000 units were started, and 65% complete at month's end. Total costs were $95,000 for material and $136,000 for conversion. The cost per equivalent unit of conversion is. a. $4.04. b. $4.42. c. $1.55. d. $2.38. e. None of these.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 2EA: A company started a new product, and in the first month started 100,000 units. The ending work in...
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Subject :- General Account

Grain Company had no beginning inventory and adds all materials at
the very beginning of its only process. Assume 88,000 units were
started, and 65% complete at month's end. Total costs were $95,000
for material and $136,000 for conversion. The cost per equivalent unit
of conversion is.
a. $4.04.
b. $4.42.
c. $1.55.
d. $2.38.
e. None of these.
Transcribed Image Text:Grain Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 88,000 units were started, and 65% complete at month's end. Total costs were $95,000 for material and $136,000 for conversion. The cost per equivalent unit of conversion is. a. $4.04. b. $4.42. c. $1.55. d. $2.38. e. None of these.
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