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Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:
Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June. Additional conversion costs of $585,324 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
$6.892 | ||
$6.806 | ||
$5.575 | ||
$7.090 |
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