Larner Company 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 $68,064 at the beginning of June.Additional conversion costs of $585,324 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round your answers to three decimal places. )
A) $5.575.
B) $6.806.
C) $6.892.
D) $7.090.

Question

Larner Company 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 $68,064 at the beginning of June.Additional conversion costs of $585,324 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round your answers to three decimal places. )
A) $5.575. 
B) $6.806. 
C) $6.892. 
D) $7.090.

Quizplus · Accepted Answer

The Answer of Larner Company 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 $68,064 at the beginning of June.Additional conversion costs of $585,324 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? (Round your answers to three decimal places. )
A) $5.575. 
B) $6.806. 
C) $6.892. 
D) $7.090.

Larner Company Uses the Weighted-Average Method in Its Process Costing