Question
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50%
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:
WIP beginning (50% for conversion) 29,200 units
Units started 125, 500 units
Units completed and transferred out 114,700 units
WIP ending (60% for conversion) 40,000 units
Beginning WIP direct materials $35,000
Beginning WIP conversion costs $ 24,500
Costs of materials added $384,100
Costs of conversion added $ 268,125
What is the cost per equivalent unit for conversion costs? (Round your final answer to the nearest cent.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started