The Nazareth Company's mixing department incurred conversions costs of $650,820 during January, after recording a beginning Work in Process inventory of $30,430 for conversion costs. Fifty- four thousand units were transferred out of the department and the ending inventory consisted of 2,500 units that are 20% complete with respect to conversion. What is the conversion cost per equivalent unit? a. $12.50 b. $12.05 c. $12.17
The Nazareth Company's mixing department incurred conversions costs of $650,820 during January, after recording a beginning Work in Process inventory of $30,430 for conversion costs. Fifty- four thousand units were transferred out of the department and the ending inventory consisted of 2,500 units that are 20% complete with respect to conversion. What is the conversion cost per equivalent unit? a. $12.50 b. $12.05 c. $12.17
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Nazareth Company's mixing department incurred conversions
costs of $650,820 during January, after recording a beginning
Work in Process inventory of $30,430 for conversion costs. Fifty-
four thousand units were transferred out of the department and
the ending inventory consisted of 2,500 units that are 20%
complete with respect to conversion.
What is the conversion cost per equivalent unit?
a. $12.50
b. $12.05
c. $12.17
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