Given the following information, compute the unit conversion cost for the month of February for the Benjamin Company, using the FIFO process costing method Show details of your calculations Units completed, 45,000 Conversion cost in beginning inventory, $30,000 Beginning inventory, 10,000 units with 75 percent of conversion costs Ending inventory , 15,000 units with 30 percent of conversion costs Conversion costs put into production in February, $222,600

Question: Given the following information, compute the unit conversion cost for the month of February for the Benjamin Company, using the FIFO process-costing method. Show details

Given the following information, compute the unit conversion cost for the month of February for the Benjamin Company, using the FIFO process-costing method. Show details of your calculations.

Units completed, 45,000.
Conversion cost in beginning inventory, $30,000
Beginning inventory, 10,000 units with 75 percent of conversion costs.
Ending inventory, 15,000 units with 30 percent of conversion costs.
Conversion costs put into production in February, $222,600.

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Units completed 45000 Work done on ending inventory 030 x 15000 4500 Work done to date 49... View full answer

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