Question
Egglands Best uses a process cost system to manufacture sensors for their Egg Laying industry. The following information pertains to operations for the month of
Egglands Best uses a process cost system to manufacture sensors for their Egg Laying industry. The following information pertains to operations for the month of March:
Units | |
Beginning work-in-process inventory, March 1 | 12,600 |
Started production during March | 115,500 |
Completed production during March | 92,400 |
Ending work-in-process inventory, March 31 | 35,700 |
The beginning inventory was 65% complete for materials and 25% complete for conversion costs. The ending inventory was 80% complete for materials and 45% complete for conversion costs. Costs pertaining to the month of March are as follows:
Beginning inventory costs: materials = $46,200; conversion cost = $32,025 Costs incurred during March: materials used = $617,400; conversion cost = $655,200
Using the weighted average method, the equivalent unit conversion cost, rounded 2 decimal places, for March is?
Group of answer choices
$6.55
$6.34
$6.04
$5.68
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