QUESTION: A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month. 189 units in beginning WIP (30% complete with respect to conversion costs). 10,323 units started. 214 units in ending WIP (46% complete with respect to conversion costs). $2,145 beginning WIP direct materials costs. $1,493 beginning WIP conversion costs. $85,029 current month direct materials costs. $85,642 current month conversion costs. What is the department's conversion cost per equivalent unit for this month?
QUESTION: A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month. 189 units in beginning WIP (30% complete with respect to conversion costs). 10,323 units started. 214 units in ending WIP (46% complete with respect to conversion costs). $2,145 beginning WIP direct materials costs. $1,493 beginning WIP conversion costs. $85,029 current month direct materials costs. $85,642 current month conversion costs. What is the department's conversion cost per equivalent unit for this month?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:QUESTION:
A department uses the weighted average method of process costing.
All direct materials are added at the beginning of the process. This
department has the following data for this month.
189 units in beginning WIP (30% complete with respect to conversion
costs).
10,323 units started.
214 units in ending WIP (46% complete with respect to conversion
costs).
$2,145 beginning WIP direct materials costs. $1,493 beginning WIP
conversion costs. $85,029 current month direct materials costs.
$85,642 current month conversion costs.
What is the department's conversion cost per equivalent unit for this
month?
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