Question
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the
A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.
- 193 units in beginning WIP (52% complete with respect to conversion costs).
- 10,513 units started
- 116 units in ending WIP (38% complete with respect to conversion costs).
- $1,994 beginning WIP direct materials costs
- $2,481 beginning WIP conversion costs
- $85,136 current month direct materials costs
- $105,996 current month conversion costs
What is the department's conversion cost per equivalent unit for this month (round final answer to nearest cent if necessary)?
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786634, 1119786630
