Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) Started this period Ending Work in Process Inventory (80% complete as to conversion) Beginning Work in Process Inventory Costs: 10,000 units 120,000 units 8,200 units Material Conversion Current Period Costs: Material Conversion $24,500 68,905 $75,600 130,053 Refer to Weiss Company. What is the conversion cost per equivalent unit using the FIFO method? Select one: O a. $0.95 O b. $1.05 O c. $1.55 O d. $1.61

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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Weiss Company
Weiss Company adds material at the start of production. The following production information is available for September:
Beginning Work in Process Inventory
(45% complete as to conversion)
Started this period
Ending Work in Process Inventory
(80% complete as to conversion)
Beginning Work in Process Inventory Costs:
10,000 units
120,000 units
8,200 units
Material
Conversion
Current Period Costs:
Material
Conversion
$24,500
68,905
$75,600
130,053
Refer to Weiss Company. What is the conversion cost per equivalent unit using the FIFO method?
Select one:
O a. $0.95
O b. $1.05
O c. $1.55
O d. $1.61
Transcribed Image Text:Weiss Company Weiss Company adds material at the start of production. The following production information is available for September: Beginning Work in Process Inventory (45% complete as to conversion) Started this period Ending Work in Process Inventory (80% complete as to conversion) Beginning Work in Process Inventory Costs: 10,000 units 120,000 units 8,200 units Material Conversion Current Period Costs: Material Conversion $24,500 68,905 $75,600 130,053 Refer to Weiss Company. What is the conversion cost per equivalent unit using the FIFO method? Select one: O a. $0.95 O b. $1.05 O c. $1.55 O d. $1.61
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