Accounting

Larner Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Units Percentage complete Beginning work in 24,000 40% process inventory Started into production 86,000 during June Ending work in process 19,000 20% inventory According to the company's records, the conversion cost in beginning work-in-process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.) Multiple Choice $7.090 TN atv 4 17ng Enabled: Midterm What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.) Multiple Choice $7.090 $5.575 $6.892 $6.174 JUN atv A