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Subject Company uses the weighted average costing method. The following information was reported for the Assembly Process for January Materials are added at the
Subject Company uses the weighted average costing method. The following information was reported for the Assembly Process for January Materials are added at the beginning of the process and are 100% complete Units: % complete for Units conversions Work in process, 1/1 60,000 15% Started 105,000 Work in process, 1/31 40,000 20% Costs Materials Conversion Beginning work in process $ 16,500 $ 33,250 Current costs 643,500 332,500 What is the cost per unit for conversion? $2.79 $2.75 $2.50 $2.22 None of these choices
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