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48 Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory:

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48 Richards Corporation uses the weighted average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 82,000 units, 70% complete as to materials and 25% complete as to conversion Units started and completed: 254,000. Units completed and transferred out: 336,000. Ending Inventory: 31.000 units, 40% complete as to materials and 15% complete as to conversion Dints 8 00:17:39 Costs: Costs in beginning Work in Process - Direct Materials: $39,200. Costs in beginning Work in Process - Conversion: $81,700. Costs incurred in October - Direct Materials: $718,480. Costs incurred in October - Conversion: $995,580. Calculate the cost per equivalent unit of conversion, Multiple Choice O $2.92 $2.93 $3.35 $301 ME Grow > 48 Costs: Costs in beginning Work in Process - Direct Materials: $39,200. Costs in beginning Work in Process - Conversion: $81,700. Costs incurred in October - Direct Materials: $718,480. Costs incurred in October - Conversion: $995,580, 1 points Calculate the cost per equivalent unit of conversion. 8 00:17:26 Multiple Choice $2.92 O $2.93 $3.35 $3.01 $3.16 I B 111 Next 5

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