Question: A company uses the weighted average method for inventory costing. At the start of a period the production department had 30,000 units in beginning Work
A company uses the weighted average method for inventory costing. At the start of a period the production department had 30,000 units in beginning Work in Process inventory which were 45% complete the department completed and transferred 170,000 units. At the end of the period, 27000 units were in the ending Work in Process inventory and are 80% complete. The production department had conversion costs in the beginning goods is process inventory of $104,000 and total conversion costs added during the period are $726,950. Compute the conversion cost per equivalent unit. Multiple Choice $4.55. $4.19 $4.34 $3.98 $4.40
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