Paceheco Corporation uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January. The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 in conversion costs were incurred in the department during January.
The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:
A) $9.479
B) $9.943
C) $9.680
D) $8.435

Question

Paceheco Corporation uses the weighted-average method in its process costing system.The Molding Department is the second department in its production process.The data below summarize the department's operations in January.  The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 in conversion costs were incurred in the department during January.
The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:
A) $9.479 
B) $9.943 
C) $9.680 
D) $8.435

Quizplus · Accepted Answer

Weighted-average method
 11ea7761_1897_8e53_81a5_4d6c2efa4ce4_TB2580_00 11ea7761_1897_b564_81a5_375d2d1456eb_TB2580_00

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