Heller 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)$18.29
B)$17.42
C)$15.54
D)$17.10

Question

Heller 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)$18.29 
B)$17.42 
C)$15.54 
D)$17.10

Quizplus · Accepted Answer

The cost per equivalent unit for conversion costs is calculated by dividing the total conversion costs by the equivalent units of production. Based on the given options, $17.42 is the closest to the calculated cost per equivalent unit for conversion costs.

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