Question: A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the

A department uses the weighted average method of process costing. All direct materials are added at the beginning of the process. This department has the following data for this month.

  • 193 units in beginning WIP (52% complete with respect to conversion costs).
  • 10,513 units started
  • 116 units in ending WIP (38% complete with respect to conversion costs).
  • $1,994 beginning WIP direct materials costs
  • $2,481 beginning WIP conversion costs
  • $85,136 current month direct materials costs
  • $105,996 current month conversion costs

What is the department's conversion cost per equivalent unit for this month (round final answer to nearest cent if necessary)?

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