Pluster 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: Beginning work in process inventory............ 13,000 40% Started into production during June .............. 98,000 Ending work in process inventory................. 11,000 30% According to the company's records, the conversion cost in beginning work in processinventory was $39,364 at the beginning of June. Additional conversion costs of $721,035 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month?
Pluster 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: Beginning work in process inventory............ 13,000 40% Started into production during June .............. 98,000 Ending work in process inventory................. 11,000 30% According to the company's records, the conversion cost in beginning work in processinventory was $39,364 at the beginning of June. Additional conversion costs of $721,035 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pluster Company uses the weighted-average method in its
data for the first processing department for the month of June appear below:
Beginning work in process inventory............ 13,000 40%
Started into production during June .............. 98,000
Ending work in process inventory................. 11,000 30%
According to the company's records, the conversion cost in beginning work in processinventory was $39,364 at the beginning of June. Additional conversion costs of $721,035 were incurred in the department during the month.
What was the cost per equivalent unit for conversion costs for the month?
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