A Lumber Company uses the weighted average method in its process costing system Information for the month of June presented below Units Percentage Completion In Respect to Conversion Costs Beginning WIP 12,000 90 Started during June 18,000 Completed and Transferred Out 20,000 Ending WIP 10,000 40 The conversion cost in beginning work in process inventory was $20,000 at the beginning of June Additional conversion costs of $70,000 were incurred in the department during the month What was the cost per equivalent unit for conversion costs for the month A $3 75 B $3 00 C $3 46 D $4 40

The Answer is in the image, click to view ...

Question: A-Lumber Company uses the weighted-average method in its process costing system. Information for the month of June presented below: Units Percentage Completion In Respect to

A-Lumber Company uses the weighted-average method in its process costing system. Information for the month of June presented below:

	Units	Percentage Completion In Respect to Conversion Costs
Beginning WIP	12,000	90%
Started during June	18,000
Completed and Transferred Out	20,000
Ending WIP	10,000	40%

The conversion cost in beginning work in process inventory was $20,000 at the beginning of June. Additional conversion costs of $70,000 were incurred in the department during the month. What was the cost per equivalent unit for conversion costs for the month? A. $3.75 B. $3.00 C. $3.46 D. $4.40

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales...

1. Department 2 is the second of three sequential processes. All materials are added at the beginning of processing in Department 2. During October, Department 2 reported the following data: Number...

Axema company uses the weighted-average method in its process costing system. Information for the month of July presented below: Percentage Units Completion in respect to Conversion Beginning WIP...

Clover Sweet Company uses the weighted-average method in its process costing system. Information for the month of February concerning Department A, the first stage of the company's production...

14. Wit Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows:...

Homework Assignment Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production...

Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows:...

Ogden Company uses the weighted-average method in its process costing system. Information for the month of January concerning Department A, the first stage of the company's production process,...

Prices on the NYSE were once quoted in units of of a dollar (or $.125). Why would a change to smaller price increments be expected to increase opportunities for price improvement?

How do transaction demand and currency speculation affect currency values?

Problem 9 - 1 Comparing Renting and Buying [ LO 9 - 1 ] Sental Costs Annasl rent Tnsurance Security deposit Buyling Costs Assume an after - tax sovings interest rote of 7 percent and a tax rote of 2...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Do you see yourself as more of a feminine or masculine individual? In what ways have gender differences influenced the conflicts youve experienced with people whose gender is different from yours?

Consider a recent conflict. What channel did you select to communicate with the other person? How did the communication channel affect the quality of the exchange? Did the channel you chose lead to a...

2 How do the reactions of these Amish survivors differ from those expressed by Americans after the Virginia Tech shootings? What about after 9/11?