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Stay Corporation uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 8,000 units, 60% complete with
Stay Corporation uses the weighted-average method in its process costing system.
The company's ending work in process inventory consists of 8,000 units, 60% complete with respect to materials and 80% complete with respect to conversion costs.
If the total cost in this inventory is $200,000 and if the cost for materials is $16 per equivalent unit for the period, the conversion cost per equivalent unit of the production for the period must be:
A) 19.25
B) 16.00
C) 25.67
D) 31.25
Please show work so I understand how you got the answer. Thanks!
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