Question
Addressagraph, Inc. employs a process costing system. Here is information about Julys activities: On July 1: Beginning inventories = 800 units Direct Materials 100% complete;
Addressagraph, Inc. employs a process costing system. Here is information about Julys activities: On July 1: Beginning inventories = 800 units Direct Materials 100% complete; Conversion Cost 60% complete Direct materials cost = $20,150 Conversion costs = $16,600 During July: 17,400 units started Direct materials added = $130,000 Conversion costs added = $80,280 On July 31: Ending inventories = 1500 units, 100 % complete Direct Materials, 40% complete conversion costs Using the weighted average method, compute the equivalent per unit conversion cost______________.You must show your computation (NOT ON SCRAP PAPER) in order to receive credit, no partial credit given.
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