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Toughflex Company Toughflex Company adds material at the start of production. The following production information is available for June: Beginning Work in Process Inventory (45%
Toughflex Company Toughflex Company adds material at the start of production. The following production information is available for June:
Beginning Work in Process Inventory | |||
(45% complete as to conversion) | 24,000 | units | |
Started this period | 120,000 | units | |
Ending Work in Process Inventory | |||
60% complete as to coversion cost) | 18,200 | units | |
Beginning Work in Process Inventory Costs: | |||
Material | $32,000 | ||
Conversion | 74,000 | ||
Current Period Costs: | |||
Material | $176,800 | ||
Conversion | 229,518 |
Refer to Toughflex Company. What is the conversion cost per equivalent unit using the weighted average method?
a. | $2.22 | |
b. | $0.45 | |
c. | $1.55 | |
d. | $2.11 |
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