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Loll Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:
Loll Company uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: Units Percent complete with respect to conversion Beginning work in process inventory 11,000 50% Started into production during June 98,000 Ending work in process inventory 21,000 80% According to the company's records, the conversion cost in beginning work in process inventory was $46,915 at the beginning of June. Additional conversion costs of $825,183 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.) A. $8.420 B. $8.530 C. $8.322 OD. $6.934
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