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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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