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

Assume Towery Company uses a process costing system based on the weighted average method. Towery's accountant produces the following equivalent unit calculation for the month of July for the first department: Share tegy band Tu Durat 4.000 OK DV Core He | DON OM EX - Endre Also assume that the beginning inventory had accumulated $2,850 of materials and 87,930 of conversion costs in the previous month. Finally, assume that during the month of July, the average cost per equivalent unit of materials and conversion costs were $6.64 and $19.40, respectively. Calculate the current costs incurred for conversion costs during the month of July Select one a $10,780 b. $13,360 C. $97,412 d $113,272 o e. None of the above Where do the vos cometom? Where do the units.00? 700 Beginning Inventory Started Toul % Work Doce2 100% 100% Complete/Transferred Ending Inventory Equivalent Units Direct % Work Materials Done? 4.800 100% 900 70% 5,700 5.000 5,700 Conversion Costa 4.800 630 5.430 4.800 900 5,700 Toul
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