Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below: According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
A) $9.410
B) $7.521
C) $5.954
D) $9.220

Question

Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:  According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
A) $9.410 
B) $7.521 
C) $5.954 
D) $9.220

Quizplus · Accepted Answer

The Answer of Lanjan Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:  According to the company's records, the conversion cost in beginning work in process inventory was $92,218 at the beginning of June. Additional conversion costs of $571,618 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
A) $9.410 
B) $7.521 
C) $5.954 
D) $9.220

Lanjan Corporation Uses the Weighted-Average Method in Its Process Costing