A company uses the weighted average method for inventory costing.At the start of a period the production department had 20,000 units in beginning Work in Process inventory which were 40% complete;the department completed and transferred 165,000 units.At the end of the period,22,000 units were in the ending Work in Process inventory and are 75% complete.The production department had conversion costs in the beginning goods is process inventory of $99,000 and total conversion costs added during the period are $726,825.Compute the conversion cost per equivalent unit.
A) $4.40.
B) $4.76.
C) $4.19.
D) $4.55.
E) $4.61.
Correct Answer:
Verified
Q119: Dazzle,Inc.produces beads for jewelry making use.The following
Q120: Luker Corporation uses a process costing system.The
Q121: A company uses the weighted-average method for
Q122: Williams Company computed its cost per equivalent
Q123: During March,the production department of a process
Q125: A company uses the FIFO method for
Q126: During December,the production department of a process
Q127: Following is a partial process cost summary
Q128: Following is a partial process cost summary
Q184: A company's January 1 Work in Process
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents