Question
Dominion Products uses the weighted-average method in its process costing system. Last month in the milling department, the cost per equivalent unit for conversion costs
Dominion Products uses the weighted-average method in its process costing system. Last month in the milling department, the cost per equivalent unit for conversion costs was $105. A total of 540 equivalent units of conversion cost were used to compute this unit cost. Conversion costs added during the month were $54,500. What would the amount of conversion costs in the beginning work in process inventory have been last month? A) $0 B) $2,200 C) $4,200 D) $3,000 E) Cannot compute with the given information Enter only the letter of the correct response in the space below (i.e. A, B, C, D, or E).
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