Question
Hello there, how are you? Can you help me with a question of management accounting? Thank you a lot! :) On June 1, 2000 the
Hello there, how are you? Can you help me with a question of management accounting? Thank you a lot! :)
On June 1, 2000 the company had 70% finished products (Work in process) in the initial stock. Production of 43,000 products started during the month of June. The company sold 40,000 products in June. Products in the closing stock were finished for 40%. At the company, all necessary material is added at the beginning of the production process, while the conversion costs are made evenly throughout the entire process. Total material costs, including material costs of opening stock, are 450,000 and conversion costs are 400,000, including conversion costs of opening stock. What are the conversion costs per unit at the company if the Weighted Average Process costing method is applied?
Answer is 9.52
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