Question
Luster 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:
Luster 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: Percentage Units Complete Beginning work in process inventory...13,000 40% Started into production during June....98,000 Ending work in process inventory.......11,000 30% According to the company's records, the conversion cost in beginning work in process inventory was $39,364 at the beginning of June. Additional conversion costs of $721,035 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.) Question 19 options: $7,361 $7570 $7,358 $6,615
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