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Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must

Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weightedaverage costing.

Data for the Assembly Department for June 2017 are:

Work in process, beginning inventory

310 units

Direct materials (100% complete)

Conversion costs (60% complete)

Units started during June

1,040 units

Work in process, ending inventory:

240 units

Direct materials (100% complete)

Conversion costs (70% complete)
Costs for June

2017:

Work in process, beginning inventory:

Direct materials

$91,500

Conversion costs

$139,000

Direct materials costs added during June

$604,000

Conversion costs added during June

$402,000

What is the conversion cost per equivalent unit in June?

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