Question: Assume Eames Company uses a process costing system based on the weighted average method. Eames' accountant produces the following equivalent unit calculations for the month

Assume Eames Company uses a process costing system based on the weighted average method. Eames' accountant produces the following equivalent unit calculations for the month of November: Equivalent Units Direct Materials Conversion Costs % Done Units % Done Units Completed and transferred 100% 40,000 100% 36,000 Ending inventory 100% 6,000 25% 1,500 Equivalent units of production 46,000 37,500 Also, assume that the beginning inventory had accumulated $27,900 of materials and $17,280 of conversion costs in the previous month. During the month of November, current costs included $283,428 of materials and $348,003 of conversion costs. Calculate the average cost per equivalent unit for conversion costs for the month of November

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