Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A) $18.39
B) $16.46
C) $17.51
D) $14.24

Question

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
  Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
-The cost per equivalent unit for conversion costs for the first department for the month is closest to:
A) $18.39 
B) $16.46 
C) $17.51 
D) $14.24

Quizplus · Accepted Answer

Weighted-average method
 11ea7761_189d_81eb_81a5_4776153aab83_TB2580_00 11ea7761_189d_81ec_81a5_473f60c7317e_TB2580_00

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