Please do not give solution in image format thanku The units in beginning work in proces inventory are 70% complete with respect to conversioncosts and the units in ending work in process inventory are 50% complete with respect toconversion costs. What is the cost per equivalent unit for conversion costs during the month ofAugust?$1.64O $1.78O $2.15O $2.30None of the above Opal Industries uses a process costing system. Direct materials are added at the beginning of theprocess, whereas conversion costs are incurred evenly throughout the process. Here are data forthe month of August:Work in process inventory, beginning▪ Units.▪ Direct material costs.Conversion costsDirect materials added.Conversion costs incurredUnits started in productionUnits completed and transferred outWork in process inventory, ending17,200 units$52,500$53,265$443,100$263,000160,000 units117,000 units60,200 unitsThe units in beginning work in process inventory are 70% complete with respect to conversioncosts and the units in ending work in process inventory are 50% complete with respect toconversion costs. What is the cost per equivalent unit for conversion costs during the month ofAugust?

Conversion costs are costs incurred to convert the raw material or direct material into the finished…

The units in beginning work in proces inventory are 70% complete with respect to conversion costs and the units in ending work in process inventory are 50% complete with respect to conversion costs. What is the cost per equivalent unit for conversion costs during the month of August? $1.64 O $1.78 O $2.15 O $2.30 O None of the above

The units in beginning work in proces inventory are 70% complete with respect to conversion costs and the units in ending work in process inventory are 50% complete with respect to conversion costs. What is the cost per equivalent unit for conversion costs during the month of August? $1.64 O $1.78 O $2.15 O $2.30 O None of the above

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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