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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?

FINANCIAL ACCOUNTING
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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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?
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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