There were 2,600 units in ending work in process inventory that were 100% complete with regard to material and 20% complete with regard to conversion costs. Ending work in process inventory had a cost of $5,720 and a per-unit material cost of $1. What was the conversion cost per unit using the weighted-average method? Conversion cost per unit $

There were 2,600 units in ending work in process inventory that were 100% complete with regard to material and 20% complete with regard to conversion costs. Ending work in process inventory had a cost of $5,720 and a per-unit material cost of $1. What was the conversion cost per unit using the weighted-average method? Conversion cost per unit $

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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A process manufacturer that uses the weighted-average method reports the following. Beginning work in process inventory Units completed and transferred out Ending work in process inventory Equivalent units of production for conversion are: Multiple Choice O 125,200. Units 38,000 108,000 43,000 Conversion Percent Complete 80% 40%
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A process with no beginning work in process, completed and transfered out 845000 units during a period and had 49700 units in the ending work in process inventory that were 40% complete. The equivalent units of production for the period for conversion costs were?
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