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The following information applies to questions 7 through 10: Healthy Brands Granola is produced in two sequential processesMixing and Packaging. During June, the following data
The following information applies to questions 7 through 10: Healthy Brands Granola is produced in two sequential processesMixing and Packaging. During June, the following data was collected for the Mixing department: Number Materials Labor and Overhead of Units Percent Completed Percent Completed Work in process inventory, June 1 8,000 100% 35% Started into production during June 50,000 Completed and transferred 46,000 Work in process inventory, June 30 12,000 100% 55% Costs for June:Materials Labor and Overhead Work in process, June 1 $ 18,500 $ 2,340 Added during the month $112,000 $ 45,000 All materials are added at the beginning of the processi.e., all work-in-process has 100% of required materials. 8.Assuming that the weighted average method is used, what is the conversion cost per unit (round your answer, if necessary, to the nearest cent)? a.$.82 b.$.90 c.$.97 d.$.86
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