EA6. LO 5.3 There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method?

Solution

Total work in process units
Cost of materials
Cost of conversion
Equivalent units conversion
Cost per unit for conversion