Please do not give solution in image format thanku Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the firstprocessing department for the month of June appear below:Beginning work in process inventoryStarted into production during JuneEnding work in process inventory$9.410$7.521$5.954Units$9.22014,00076,00020,800According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at thebeginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What wasthe cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)PercentCompletewithRespect toConversion50 %10 %

The equivalent units are calculated on the basis iof the percentage of the work completed during the…

Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Beginning work in process inventory Started into production during June Ending work in process inventory Units 14,000 76,000 20,800 Percent Complete with Respect to Conversion 50 % 10 % According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Beginning work in process inventory Started into production during June Ending work in process inventory Units 14,000 76,000 20,800 Percent Complete with Respect to Conversion 50 % 10 % According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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