Loll Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Units CC % Completion Beg WiP 11,000 50% Started in June 98,000 End WiP 21,000 80% According to the company's records, the conversion cost in beginning work in process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 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.)
Loll Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Units CC % Completion Beg WiP 11,000 50% Started in June 98,000 End WiP 21,000 80% According to the company's records, the conversion cost in beginning work in process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Loll Company uses the weighted-average method in its
| Units | CC % Completion | |
| Beg WiP | 11,000 | 50% |
| Started in June | 98,000 | |
| End WiP | 21,000 | 80% |
According to the company's records, the conversion cost in beginning work in process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 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.)
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