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Canyon Company's Assembly Department has the following production and manufacturing information for February: Units: 14,800 in beginning inventory that are 100 percent complete for materials
Canyon Company's Assembly Department has the following production and manufacturing information for February:
Units:
- 14,800 in beginning inventory that are 100 percent complete for materials and 29 percent for conversion.
- 20,500 units finished and transferred out.
- 7,150 units in ending inventory that are 100 percent complete for materials and 36 percent complete for conversion.
Costs:
MaterialsConversionBeginning$7,350$24,400Current14,80054,800
Required:
Calculate cost per equivalent unit using the weighted-average method.
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