Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. During the period, the mixing department accumulated conversion costs of $92,000 and started 8,000 new units. Ending inventory was 2,500 units which were 40% complete with respect to conversion costs. Kamin uses the average cost method to cost inventories. Required: Calculate the cost per equivalent unit for conversion costs in the mixing department.
Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. During the period, the mixing department accumulated conversion costs of $92,000 and started 8,000 new units. Ending inventory was 2,500 units which were 40% complete with respect to conversion costs. Kamin uses the average cost method to cost inventories. Required: Calculate the cost per equivalent unit for conversion costs in the mixing department.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Kamin Company's mixing department
had a beginning inventory of 4,000
units which had accumulated
conversion costs of $55,000. During
the period, the mixing department
accumulated conversion costs of
$92,000 and started 8,000 new units.
Ending inventory was 2,500 units
which were 40% complete with
respect to conversion costs. Kamin
uses the average cost method to cost
inventories. Required: Calculate the
cost per equivalent unit for conversion
costs in the mixing department.
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